28 Toxaway Point #7Lake 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 28 Toxaway Point #7, Lake Toxaway, NC, 28747 generates $1,740/mo in rent, after a $4,394/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at 2.67% in year one, and rental yield is 2.33% on a $897,830 entry. Equity gained on principal adds $5,794/yr, while 5% annual appreciation builds toward $248,054 over five years. Five-year ROI reaches 11.03% and total cumulative return in cash sums $32,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Condo
Built in 1975
4,356 sqft lot
$N/A/sqft
$6,600 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: Cynthia Petit • Petit Properties
Mls Name: HCMLS
Mls ID: #1001339
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.