109 Blue Ridge Avenue ExtElkinNC28621
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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 Elkin at 109 Blue Ridge Avenue Ext, Elkin, NC, 28621 at $299,000 posts ROI 19.65% with from $1,800/mo rent. Total monthly income equals $1,800/mo. Return on cash invested measures 19.65% and rental yield reads 7.22% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 101.34% and total cumulative return in cash totals $100,450. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,800/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28621, Elkin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,020 (100%) |
| Owner Occupied HU | 3,106 (61.9%) |
| Renter Occupied HU | 1,269 (25.3%) |
| Vacant Housing Units | 645 (12.8%) |
| Median Home Value | $202,326 |
| Average Home Value | $255,608 |
Housing Distribution
Address Breakdown
Residential
4,538
Single Family
4,277
Multi-Family
261
Businesses
593
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Listed by: R. Allen Lyles • Dream Maker Properties, LLC
Mls Name: Triad MLS
Mls ID: #1186329