342 Locust Gap RoadVilasNC28692
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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 Vilas at 342 Locust Gap Road, Vilas, NC, 28692 listed at $1,097,000 pairs $5,113/mo rent with a $5,369/mo payment. Total monthly income runs $5,113/mo. Return on cash invested measures 15.06% in year one, and rental yield registers 5.59% at a $1,097,000 basis. Equity gained on principal adds $7,079/yr, and annual property appreciation at 5% supports $303,081 by year five. Five-year ROI tracks 76.62% and total cumulative return in cash totals $272,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,113/mo property income relative to a $5,369/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
19.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28692, Vilas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,385 (53.6%) |
| Renter Occupied HU | 544 (21.1%) |
| Vacant Housing Units | 654 (25.3%) |
| Median Home Value | $324,499 |
| Average Home Value | $397,727 |
Housing Distribution
Address Breakdown
Residential
1,990
Single Family
1,990
Multi-Family
0
Businesses
90
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Listed by: Kimmy Tiedemann • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #258142