877 Mystic Forest WayToptonNC28781
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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 Topton at 877 Mystic Forest Way, Topton, NC, 28781 offers a 3.85% rental yield on a $1,200,000 purchase with $3,851/mo rent. 85% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 43.62% and total cumulative return in cash at $169,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,851/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
9.05 Acres lot
$N/A/sqft
$3,240 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28781, Topton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,008 (100%) |
| Owner Occupied HU | 313 (31.1%) |
| Renter Occupied HU | 63 ( 6.2%) |
| Vacant Housing Units | 632 (62.7%) |
| Median Home Value | $316,071 |
| Average Home Value | $356,669 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
611
Multi-Family
60
Businesses
28
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Nearby investment properties with comparable prices
Listed by: Kristine Flaig • Nantahala Real Estate
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #152450
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.