676 Schaffer RoadBooneNC28607
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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 Boone at 676 Schaffer Road, Boone, NC, 28607 offers $3,266/mo rent that, after a $4,335/mo payment. Total monthly income is $3,266/mo. Return on cash invested measures 11.09% in year one, and rental yield stands at 4.43% at a $885,605 entry. Equity gained on principal adds $5,715/yr while 5% annual appreciation compounds into $244,676 by year five. Five-year ROI records 55.45% and total cumulative return in cash reaches $161,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,266/mo property income versus a $4,335/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
1.40 Acres lot
$N/A/sqft
$565 annually 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: Margaret Holder • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #256278
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.