751 Whitney BlvdLake LureNC28746
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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 Lake Lure at 751 Whitney Blvd, Lake Lure, NC, 28746 offers a 8.39% rental yield on a $749,000 purchase with $5,239/mo rent. Total monthly income registers $5,239/mo, and a $3,666/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,090/yr on $246,421 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 121.11% and total cumulative return in cash at $298,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,239/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28746, Lake Lure, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,542 (100%) |
| Owner Occupied HU | 1,186 (33.5%) |
| Renter Occupied HU | 219 ( 6.2%) |
| Vacant Housing Units | 2,137 (60.3%) |
| Median Home Value | $441,148 |
| Average Home Value | $561,153 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,230
Multi-Family
0
Businesses
128
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Listed by: Wes Cleary • Team Cleary Real Estate Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308776