24 E Toxaway Shrs UNIT 20Lake ToxawayNC28747
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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
Rental property for sale in Lake Toxaway at 24 E Toxaway Shrs UNIT 20, Lake Toxaway, NC, 28747 generates $2,573/mo in rent, after a $5,996/mo payment. Total monthly income is $2,573/mo. Return on cash invested sits at 2.18% in year one, and rental yield is 2.52% on a $1,225,000 entry. Equity gained on principal adds $7,905/yr, while 5% annual appreciation builds toward $338,445 over five years. Five-year ROI reaches 8.76% and total cumulative return in cash sums $34,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,573/mo property income rather than buyer’s personal income.
Condo
Built in 1977
0.03 Acres lot
$N/A/sqft
$13,496 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28747, Lake Toxaway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,046 (100%) |
| Owner Occupied HU | 774 (37.8%) |
| Renter Occupied HU | 147 ( 7.2%) |
| Vacant Housing Units | 1,125 (55.0%) |
| Median Home Value | $388,136 |
| Average Home Value | $518,236 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,479
Multi-Family
1
Businesses
73
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Listed by: Ross Hyett • Lake Toxaway Co.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4266111
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-01 17:38:02 PDT. 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](/mls-disclaimers/#87)