108 Northridge Road #3ABeech 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
Rental property for sale in Beech Mountain at 108 Northridge Road #3A, Beech Mountain, NC, 28604 priced at $229,000 pairs $2,130/mo rent with $734/mo cash flow after a $1,121/mo payment. Total monthly income equals $2,130/mo, and annual cash flow comes to $8,810/yr on $75,914 invested. Return on cash invested is 31.51% in year one, and rental yield stands at 11.16% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 165.02% and total cumulative return in cash reaches $125,273. For financing, Ziffy Mortgage’s DSCR program evaluates $2,130/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
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: Tracy Simms • Blue Ridge Realty & Inv. - Banner Elk
Mls Name: High Country AOR
Mls ID: #259223