491 Kellwood Ext Drive UNIT 491BooneNC28607
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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 Boone at 491 Kellwood Ext Drive UNIT 491, Boone, NC, 28607 generates $1,428/mo in rent and, after a $974/mo payment, leaves $90/mo in cash flow. Total monthly income is $1,428/mo, and annual cash flow is $1,082/yr on $65,969 invested. Return on cash invested sits at 21.55% in year one, and rental yield is 8.61% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 112.41% and total cumulative return in cash sums $74,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,428/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$125 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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Listed by: Sarah Long • 828 Real Estate
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252423
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.