770 Grady Winkler RoadBooneNC28607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 770 Grady Winkler Road, Boone, NC, 28607 offers $1,620/mo rent that, after a $3,500/mo payment. Total monthly income is $1,620/mo. Return on cash invested measures 6.09% in year one, and rental yield stands at 2.72% at a $715,000 entry. Equity gained on principal adds $4,614/yr while 5% annual appreciation compounds into $197,541 by year five. Five-year ROI records 28.59% and total cumulative return in cash reaches $67,245. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $3,500/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
2.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lee Gillette • BHHS Vincent Properties
Mls Name: High Country AOR
Mls ID: #257106