40 Toxaway Landing DrLake ToxawayNC28747
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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 Lake Toxaway at 40 Toxaway Landing Dr, Lake Toxaway, NC, 28747 with 5% annual appreciation on a $1,495,000 basis while $2,880/mo rent supports operations. 93% in year one. Equity gained on principal adds $9,647/yr, and five-year appreciation sums $413,041 alongside rental yield of 2.31%. Five-year ROI measures 22.3% and total cumulative return in cash totals $108,037. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,880/mo property income versus a $7,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28747, Lake Toxaway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,046 (100%) |
| Owner Occupied HU | 774 (37.8%) |
| Renter Occupied HU | 147 ( 7.2%) |
| Vacant Housing Units | 1,125 (55.0%) |
| Median Home Value | $388,136 |
| Average Home Value | $518,236 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,479
Multi-Family
1
Businesses
73
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Listed by: Hazel Fisher • Hazel R. Fisher & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329931