301 Peaks DrLake 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
Rental property for sale in Lake Lure at 301 Peaks Dr, Lake Lure, NC, 28746 priced at $839,000 converts $2,419/mo rent into after a $4,106/mo obligation. Total monthly income equals $2,419/mo. Return on cash invested prints 8.35% in year one, and rental yield reads 3.46% against a $839,000 entry. Equity gained on principal adds $5,414/yr, while 5% annual appreciation compiles into $231,800 by year five. Five-year ROI reaches 40.7% and total cumulative return in cash sums $112,356. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,419/mo property income covering a $4,106/mo payment, not borrower’s personal income.
Single Family
Built in 2004
4.28 Acres lot
$N/A/sqft
No 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: Erika Bradley • Century 21 Mountain Lifestyles/S. Hend
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321237