492 Laurelwood LaneBooneNC28607
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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 492 Laurelwood Lane, Boone, NC, 28607 uses $75,914 cash to close to unlock $2,138/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,624/mo, and a $1,121/mo payment keeps the spread at $178/mo. Purchase price stands at $229,000, and rental yield measures 8.51% with $1,624/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 118.18% and total cumulative return in cash records $89,717. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,624/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
0.30 Acres lot
$N/A/sqft
$600 annually 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: Irene Sawyer • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #245876
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.