315 W Main StBoonvilleNC27011
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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
Investment property for sale in Boonville at 315 W Main St, Boonville, NC, 27011 offers a 10.49% rental yield on a $349,500 purchase with $3,055/mo rent. Total monthly income registers $3,055/mo, and a $1,711/mo payment leaves $925/mo available for distribution. Annual cash flow reaches $11,095/yr on $115,859 to close, and return on cash invested stands at 29.49% in year one. Equity gained on principal adds $2,255/yr while 5% annual appreciation supports $96,560 over five years. Portfolio math shows five-year ROI at 154.09% and total cumulative return in cash at $178,525. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,055/mo property income against a $1,711/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27011, Boonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,593 (100%) |
| Owner Occupied HU | 1,812 (69.9%) |
| Renter Occupied HU | 553 (21.3%) |
| Vacant Housing Units | 228 ( 8.8%) |
| Median Home Value | $184,218 |
| Average Home Value | $208,744 |
Housing Distribution
Address Breakdown
Residential
2,180
Single Family
2,152
Multi-Family
28
Businesses
105
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Listed by: Angela Rose • NorthGroup Real Estate
Mls Name: Triad MLS
Mls ID: #1188678