614 Fairway DriveLake 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
Investment property for sale in Lake Toxaway at 614 Fairway Drive, Lake Toxaway, NC, 28747 listed at $1,695,000 pairs $4,820/mo rent with a $8,296/mo payment. Total monthly income runs $4,820/mo. Return on cash invested measures 8.33% in year one, and rental yield registers 3.41% at a $1,695,000 basis. Equity gained on principal adds $10,938/yr, and annual property appreciation at 5% supports $468,297 by year five. Five-year ROI tracks 40.52% and total cumulative return in cash totals $222,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,820/mo property income relative to a $8,296/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
0.90 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: #1002239