61 Indian Falls WayLake ToxawayNC28747
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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 Lake Toxaway at 61 Indian Falls Way, Lake Toxaway, NC, 28747 priced at $895,000 pairs $3,534/mo rent with after a $4,381/mo payment. Total monthly income equals $3,534/mo. Return on cash invested is 12.23% in year one, and rental yield stands at 4.74% on a $895,000 basis. Equity gained on principal adds $5,775/yr, and 5% annual appreciation accumulates to $247,272 by year five. Five-year ROI measures 61.51% and total cumulative return in cash reaches $181,106. For financing, Ziffy Mortgage’s DSCR program evaluates $3,534/mo property income against a $4,381/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28747, Lake Toxaway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,046 (100%) |
| Owner Occupied HU | 774 (37.8%) |
| Renter Occupied HU | 147 ( 7.2%) |
| Vacant Housing Units | 1,125 (55.0%) |
| Median Home Value | $388,136 |
| Average Home Value | $518,236 |
Housing Distribution
Address Breakdown
Residential
1,480
Single Family
1,479
Multi-Family
1
Businesses
73
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Listed by: Bambi Famous Kaine • Silver Creek Real Estate Group, Inc.
Mls Name: HCMLS
Mls ID: #1000659