523 Schaffer 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
Investment property for sale in Boone at 523 Schaffer Road, Boone, NC, 28607 earns from $3,544/mo rent with a $3,421/mo payment. Total monthly income totals $3,544/mo. ROI tracks 16.11% on current figures, and rental yield reads 6.08% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 82.38% and total cumulative return in cash sums $189,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,544/mo property income instead of your personal income.
Single Family
Built in 1978
1.09 Acres lot
$N/A/sqft
$125 quarterly 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: Bishop Glover • Boone Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #256896
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.