351 Seasons DriveVilasNC28692
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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 Vilas at 351 Seasons Drive, Vilas, NC, 28692 offers $2,700/mo rent that, after a $2,570/mo payment. Total monthly income is $2,700/mo. Return on cash invested measures 16.59% in year one, and rental yield stands at 6.17% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 84.86% and total cumulative return in cash reaches $146,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,700/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
2.46 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: Terri Boyer • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #258788