357 CascadesBooneNC28607
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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 Boone at 357 Cascades, Boone, NC, 28607 listed at $800,000 pairs $3,599/mo rent with a $3,916/mo payment. Total monthly income runs $3,599/mo. Return on cash invested measures 13.25% in year one, and rental yield registers 5.4% at a $800,000 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $221,025 by year five. Five-year ROI tracks 67.34% and total cumulative return in cash totals $177,236. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,599/mo property income relative to a $3,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.37 Acres lot
$N/A/sqft
$216 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28607, Boone, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,926 (100%) |
| Owner Occupied HU | 6,552 (36.6%) |
| Renter Occupied HU | 7,209 (40.2%) |
| Vacant Housing Units | 4,165 (23.2%) |
| Median Home Value | $371,926 |
| Average Home Value | $477,239 |
Housing Distribution
Address Breakdown
Residential
14,796
Single Family
13,405
Multi-Family
1,391
Businesses
1,773
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