286 Faculty Street UNIT 6BooneNC28607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 286 Faculty Street UNIT 6, Boone, NC, 28607 earns $207/mo cash flow from $1,852/mo rent with a $1,321/mo payment. Total monthly income totals $1,852/mo, and annual cash flow totals $2,485/yr on $89,472 capital. ROI tracks 22.69% on current figures, and rental yield reads 8.23% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 117.66% and total cumulative return in cash sums $105,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,852/mo property income instead of your personal income.
Condo
Built in 1983
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: Will Buckner • Gray Buckner Real Estate LLC
Mls Name: High Country AOR
Mls ID: #257577