656 Faraway HlsLake 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 656 Faraway Hls, Lake Toxaway, NC, 28747 generates $4,295/mo in rent, after a $8,296/mo payment. Total monthly income is $4,295/mo. Return on cash invested sits at 7.18% in year one, and rental yield is 3.04% on a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation builds toward $468,297 over five years. Five-year ROI reaches 34.37% and total cumulative return in cash sums $188,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,295/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
5.82 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: John Heinitsh • Lake Toxaway Co.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4303786