105 Pinnacle Ridge RdBanner ElkNC28604
Nearby investment properties with comparable rents
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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 105 Pinnacle Ridge Rd, Banner Elk, NC, 28604 earns $1,411/mo cash flow from $5,062/mo rent with a $2,932/mo payment. Total monthly income totals $5,062/mo, and annual cash flow totals $16,934/yr on $197,071 capital. ROI tracks 28.65% on current figures, and rental yield reads 10.14% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 149.59% and total cumulative return in cash sums $294,802. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,062/mo property income instead of your personal income.
Single Family
Built in 1969
0.40 Acres 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: Tracy Dowling • Homecoin.com
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334609