103 White Poplar DrElonNC27244
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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 Elon at 103 White Poplar Dr, Elon, NC, 27244 offers a 7.21% rental yield on a $675,000 purchase with $4,055/mo rent. 74% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 101.78% and total cumulative return in cash at $226,023. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,055/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27244, Elon College, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,652 (100%) |
| Owner Occupied HU | 3,798 (67.2%) |
| Renter Occupied HU | 1,304 (23.1%) |
| Vacant Housing Units | 550 ( 9.7%) |
| Median Home Value | $303,697 |
| Average Home Value | $318,062 |
Housing Distribution
Address Breakdown
Residential
4,933
Single Family
4,649
Multi-Family
284
Businesses
207
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Listed by: Sandra R. Sparks • Barbour & Company
Mls Name: Triad MLS
Mls ID: #1194903