109 N Pinnacle Ridge Road UNIT 22Banner ElkNC28604
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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 109 N Pinnacle Ridge Road UNIT 22, Banner Elk, NC, 28604 uses $115,694 cash to close to unlock $7,386/yr annual cash flow and $616/mo monthly cash flow. Total monthly income runs $2,759/mo, and a $1,708/mo payment keeps the spread at $616/mo. Purchase price stands at $349,000, and rental yield measures 9.49% with $2,759/mo rent. Return on cash invested shows 26.29% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 137.04% and total cumulative return in cash records $158,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Townhouse
Built in 1971
3,484 sqft lot
$N/A/sqft
$200 annually 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: Cindy Giarrusso • Blue Ridge Realty & Investments Beech Mountain
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254163
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.