101 Courtside Lane UNIT A5Banner ElkNC28604
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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 Banner Elk at 101 Courtside Lane UNIT A5, Banner Elk, NC, 28604 at $320,000 posts ROI 16.81% with from $2,149/mo rent. Total monthly income equals $2,149/mo. Return on cash invested measures 16.81% and rental yield reads 8.06% at the current $320,000. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 by year five. Five-year ROI prints 88.02% and total cumulative return in cash totals $93,375. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,149/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1974
N/A lot
$N/A/sqft
$473 monthly 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: Melissa Berkheimer • Buchanan Real Estate
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254710
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.