110 Elm Crest LnElonNC27244
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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 Elon at 110 Elm Crest Ln, Elon, NC, 27244 listed at $649,900 pairs $3,352/mo rent with a $3,181/mo payment. Total monthly income runs $3,352/mo. Return on cash invested measures 16.64% in year one, and rental yield registers 6.19% at a $649,900 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,555 by year five. Five-year ROI tracks 85.18% and total cumulative return in cash totals $182,130. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,352/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27244, Elon College, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,652 (100%) |
| Owner Occupied HU | 3,798 (67.2%) |
| Renter Occupied HU | 1,304 (23.1%) |
| Vacant Housing Units | 550 ( 9.7%) |
| Median Home Value | $303,697 |
| Average Home Value | $318,062 |
Housing Distribution
Address Breakdown
Residential
4,933
Single Family
4,649
Multi-Family
284
Businesses
207
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Listed by: Missy Flora • Howard Hanna Allen Tate - Burlington
Mls Name: Triad MLS
Mls ID: #1197879