505 Camp Rock RoadBooneNC28607
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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 505 Camp Rock Road, Boone, NC, 28607 priced at $599,000 pairs $3,010/mo rent with after a $2,932/mo payment. Total monthly income equals $3,010/mo. Return on cash invested is 16.16% in year one, and rental yield stands at 6.03% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 82.58% and total cumulative return in cash reaches $162,742. For financing, Ziffy Mortgage’s DSCR program evaluates $3,010/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.50 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
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Listed by: Chris Eller • 4 Forty Four Properties
Mls Name: High Country AOR
Mls ID: #257782