1302 Cricket StElonNC27244
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 Elon at 1302 Cricket St, Elon, NC, 27244 with 5% annual appreciation on a $572,990 basis while $3,947/mo rent supports operations. Total monthly income totals $3,947/mo and a $2,805/mo payment preserves $454/mo for cash returns. Annual cash flow comes to $5,453/yr on $188,514 deployed, and return on cash invested reaches 22.95% in year one. Equity gained on principal adds $3,697/yr, and five-year appreciation sums $158,307 alongside rental yield of 8.27%. Five-year ROI measures 119.01% and total cumulative return in cash totals $224,356.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,947/mo property income versus a $2,805/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina, Kyle, Amanda, Tara, Caity, and Leslie Tr • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A