1115 Elk WallowBakersvilleNC28705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bakersville at 1115 Elk Wallow, Bakersville, NC, 28705 earns from $907/mo rent with a $1,591/mo payment. Total monthly income totals $907/mo. ROI tracks 7.95% on current figures, and rental yield reads 3.35% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 38.57% and total cumulative return in cash sums $41,557. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $907/mo property income instead of your personal income.
Single Family
Built in 1999
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28705, Bakersville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,803 (100%) |
| Owner Occupied HU | 2,214 (58.2%) |
| Renter Occupied HU | 615 (16.2%) |
| Vacant Housing Units | 974 (25.6%) |
| Median Home Value | $265,165 |
| Average Home Value | $308,944 |
Housing Distribution
Address Breakdown
Residential
3,190
Single Family
3,190
Multi-Family
0
Businesses
197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda Phillips • Howard Hanna Beverly-Hanks Burnville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330755