231 Blue Bird RdLake LureNC28746
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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 Lake Lure at 231 Blue Bird Rd, Lake Lure, NC, 28746 uses $277,183 cash to close to unlock $635/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $5,537/mo, and a $4,124/mo payment keeps the spread at $53/mo. Purchase price stands at $842,500, and rental yield measures 7.89% with $5,537/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $232,767 over five years. Five-year ROI reaches 105.26% and total cumulative return in cash records $291,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,537/mo property income covering a $4,124/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.75 Acres lot
$N/A/sqft
$4,189 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28746, Lake Lure, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,542 (100%) |
| Owner Occupied HU | 1,186 (33.5%) |
| Renter Occupied HU | 219 ( 6.2%) |
| Vacant Housing Units | 2,137 (60.3%) |
| Median Home Value | $441,148 |
| Average Home Value | $561,153 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,230
Multi-Family
0
Businesses
128
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Listed by: Dean Thornton • Redfin Corporation
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4157238
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)