751 Echota ParkwayBooneNC28607
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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
Total monthly income runs $3,179/mo, and a $5,628/mo payment. Purchase price stands at $1,149,900, and rental yield measures 3.32% with $3,179/mo rent. Return on cash invested shows 8.04% in year one, and 5% annual appreciation builds toward $317,696 over five years. Five-year ROI reaches 38.96% and total cumulative return in cash records $145,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,179/mo property income covering a $5,628/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.25 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: Leah Grove • Foscoe Realty & Development
Mls Name: High Country AOR
Mls ID: #257130