495 Youngs Mountain DrLake LureNC28746
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 Lake Lure at 495 Youngs Mountain Dr, Lake Lure, NC, 28746 at $325,000 posts ROI 32.6% with $1,139/mo cash flow from $3,120/mo rent. Total monthly income equals $3,120/mo, and annual cash flow records $13,668/yr on $107,738 to close. Return on cash invested measures 32.6% and rental yield reads 11.52% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 170.73% and total cumulative return in cash totals $183,937.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,120/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28746, Lake Lure, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,542 (100%) |
| Owner Occupied HU | 1,186 (33.5%) |
| Renter Occupied HU | 219 ( 6.2%) |
| Vacant Housing Units | 2,137 (60.3%) |
| Median Home Value | $441,148 |
| Average Home Value | $561,153 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,230
Multi-Family
0
Businesses
128
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Nearby investment properties with comparable prices
Listed by: Jenn Saltouros • Howard Hanna Beverly-Hanks, Lake Lure
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327460