300 Fallsview DrLake ToxawayNC28774
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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 300 Fallsview Dr, Lake Toxaway, NC, 28774 priced at $995,000 pairs $3,300/mo rent with after a $4,870/mo payment. Total monthly income equals $3,300/mo. Return on cash invested is 9.93% in year one, and rental yield stands at 3.98% on a $995,000 basis. Equity gained on principal adds $6,421/yr, and 5% annual appreciation accumulates to $274,900 by year five. Five-year ROI measures 49.15% and total cumulative return in cash reaches $160,902. For financing, Ziffy Mortgage’s DSCR program evaluates $3,300/mo property income against a $4,870/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28774, Sapphire, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,009 (100%) |
| Owner Occupied HU | 701 (23.3%) |
| Renter Occupied HU | 144 ( 4.8%) |
| Vacant Housing Units | 2,164 (71.9%) |
| Median Home Value | $576,754 |
| Average Home Value | $680,036 |
Housing Distribution
Address Breakdown
Residential
1,304
Single Family
1,304
Multi-Family
0
Businesses
65
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Listed by: Matthew Durt • Looking Glass Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311504