1148 Vista WayBanner ElkNC28646
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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 1148 Vista Way, Banner Elk, NC, 28646 projects strong ROI of 14.05%. Rental yield 5.31%. With 5% annual appreciation, the property builds $2,762,816 in value over five years. Equity growth combined delivers a projected five-year ROI of 71.23%, translating into $2,307,875 in total cumulative return on $3,240,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2023
2.83 Acres lot
$N/A/sqft
$4,883 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28646, Linville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 232 (19.0%) |
| Renter Occupied HU | 47 ( 3.8%) |
| Vacant Housing Units | 944 (77.2%) |
| Median Home Value | $377,193 |
| Average Home Value | $501,498 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
82
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No similar rental properties found nearby.
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Listed by: Joshua Aldridge • Premier Sotheby's International Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #250790
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.