13 Eagle Meadow PathBanner ElkNC28604
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
Rental property for sale in Banner Elk at 13 Eagle Meadow Path, Banner Elk, NC, 28604 offers $4,020/mo rent that, after a $9,422/mo payment. Total monthly income is $4,020/mo. Return on cash invested measures 5.53% in year one, and rental yield stands at 2.51% at a $1,925,000 entry. Equity gained on principal adds $12,422/yr while 5% annual appreciation compounds into $531,842 by year five. Five-year ROI records 25.51% and total cumulative return in cash reaches $159,136. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,020/mo property income versus a $9,422/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.41 Acres lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Jules Blaylock • Elevate Land & Realty Banner Elk
Mls Name: High Country AOR
Mls ID: #256502