105 Hornbeam Road #B4Beech 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 105 Hornbeam Road #B4, Beech Mountain, NC, 28604 uses $65,969 cash to close to unlock $3,554/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,509/mo, and a $974/mo payment keeps the spread at $296/mo. Purchase price stands at $199,000, and rental yield measures 9.1% with $1,509/mo rent. Return on cash invested shows 25.3% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 131.67% and total cumulative return in cash records $86,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,509/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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: Christy Lombardozzi • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #259505