1005 Beech Mountain Pkwy APT 203Beech MountainNC28604
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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 Beech Mountain at 1005 Beech Mountain Pkwy APT 203, Beech Mountain, NC, 28604 earns $534/mo cash flow from $2,167/mo rent with a $1,223/mo payment. Total monthly income totals $2,167/mo, and annual cash flow totals $6,409/yr on $82,842 capital. ROI tracks 27.65% on current figures, and rental yield reads 10.41% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 144.84% and total cumulative return in cash sums $119,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,167/mo property income instead of your personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$330 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28604, Banner Elk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,910 (100%) |
| Owner Occupied HU | 2,452 (24.7%) |
| Renter Occupied HU | 743 ( 7.5%) |
| Vacant Housing Units | 6,715 (67.8%) |
| Median Home Value | $382,801 |
| Average Home Value | $471,902 |
Housing Distribution
Address Breakdown
Residential
6,320
Single Family
5,791
Multi-Family
529
Businesses
455
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Listed by: Kimberly Thayer • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4217980
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-20 22:29:07 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)