375 Winterberry TrailBooneNC28607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 375 Winterberry Trail, Boone, NC, 28607 uses $138,899 cash to close to unlock $1,634/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $2,690/mo, and a $2,051/mo payment keeps the spread at $136/mo. Purchase price stands at $419,000, and rental yield measures 7.7% with $2,690/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 109.05% and total cumulative return in cash records $151,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,690/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Single Family
Built in 2001
1.14 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nikki Rezvani • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #257478