218 Ava Way #N/ABooneNC28607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Boone at 218 Ava Way #N/A, Boone, NC, 28607 generates $2,938/mo in rent and, after a $2,300/mo payment, leaves $74/mo in cash flow. Total monthly income is $2,938/mo, and annual cash flow is $889/yr on $155,772 invested. Return on cash invested sits at 20.48% in year one, and rental yield is 7.5% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 105.79% and total cumulative return in cash sums $164,798. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,938/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
2,003 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28607, Boone, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,926 (100%) |
| Owner Occupied HU | 6,552 (36.6%) |
| Renter Occupied HU | 7,209 (40.2%) |
| Vacant Housing Units | 4,165 (23.2%) |
| Median Home Value | $371,926 |
| Average Home Value | $477,239 |
Housing Distribution
Address Breakdown
Residential
14,796
Single Family
13,405
Multi-Family
1,391
Businesses
1,773
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christian Impagliazzo • BHHS Vincent Properties
Mls Name: High Country AOR
Mls ID: #258919