640 Fairview HeightsBooneNC28607
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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 640 Fairview Heights, Boone, NC, 28607 with 5% annual appreciation on a $549,500 basis while $3,442/mo rent supports operations. Total monthly income totals $3,442/mo and a $2,690/mo payment preserves $93/mo for cash returns. Annual cash flow comes to $1,111/yr on $180,786 deployed, and return on cash invested reaches 20.67% in year one. Equity gained on principal adds $3,546/yr, and five-year appreciation sums $151,817 alongside rental yield of 7.52%. Five-year ROI measures 106.79% and total cumulative return in cash totals $193,065.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,442/mo property income versus a $2,690/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
3 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: Bruce Hill • Realty One Group Results-Boone
Mls Name: High Country AOR
Mls ID: #258390