601 Dogwood 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 601 Dogwood Road, Boone, NC, 28607 listed at $549,900 pairs $3,617/mo rent with a $2,691/mo payment to leave $266/mo cash flow. Total monthly income runs $3,617/mo, and annual cash flow reaches $3,193/yr on $180,917 cash to close. Return on cash invested measures 21.83% in year one, and rental yield registers 7.89% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 112.99% and total cumulative return in cash totals $204,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,617/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.52 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: Angela Allen • Big 6 Properties-Boone
Mls Name: High Country AOR
Mls ID: #256751