228 Woodby Ridge RoadVilasNC28692
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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
Investment property for sale in Vilas at 228 Woodby Ridge Road, Vilas, NC, 28692 earns from $3,636/mo rent with a $4,302/mo payment. Total monthly income totals $3,636/mo. ROI tracks 12.92% on current figures, and rental yield reads 4.96% at a $879,000 purchase. Equity gained on principal adds $5,672/yr, and 5% annual appreciation supports $242,851 over five years. Five-year ROI reaches 65.21% and total cumulative return in cash sums $188,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,636/mo property income instead of your personal income.
Single Family
Built in 2005
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28692, Vilas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,385 (53.6%) |
| Renter Occupied HU | 544 (21.1%) |
| Vacant Housing Units | 654 (25.3%) |
| Median Home Value | $324,499 |
| Average Home Value | $397,727 |
Housing Distribution
Address Breakdown
Residential
1,990
Single Family
1,990
Multi-Family
0
Businesses
90
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Listed by: Margaret Holder • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #257693