622 Sherwood RoadVilasNC28692
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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 Vilas at 622 Sherwood Road, Vilas, NC, 28692 uses $77,903 cash to close to unlock $6,504/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,150/mo payment keeps the spread at $542/mo. Purchase price stands at $235,000, and rental yield measures 10.08% with $1,974/mo rent. Return on cash invested shows 28.26% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 147.48% and total cumulative return in cash records $114,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1968
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28692, Vilas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,385 (53.6%) |
| Renter Occupied HU | 544 (21.1%) |
| Vacant Housing Units | 654 (25.3%) |
| Median Home Value | $324,499 |
| Average Home Value | $397,727 |
Housing Distribution
Address Breakdown
Residential
1,990
Single Family
1,990
Multi-Family
0
Businesses
90
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Listed by: Josh Honeycutt • Howard Hanna Allen Tate Realtors Boone
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255088
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.