229 E King Street #9BooneNC28607
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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 Boone at 229 E King Street #9, Boone, NC, 28607 listed at $260,000 pairs $1,885/mo rent with a $1,273/mo payment to leave $300/mo cash flow. Total monthly income runs $1,885/mo, and annual cash flow reaches $3,600/yr on $86,190 cash to close. Return on cash invested measures 24.09% in year one, and rental yield registers 8.7% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 125.1% and total cumulative return in cash totals $107,825. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,885/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A 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
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Listed by: Matt de Camara • Boone Real Estate
Mls Name: High Country AOR
Mls ID: #259633