131 Young StElkinNC28621
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 Elkin at 131 Young St, Elkin, NC, 28621 priced at $294,500 pairs $1,800/mo rent with $6/mo cash flow after a $1,441/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $67/yr on $97,627 invested. Return on cash invested is 19.98% in year one, and rental yield stands at 7.33% on a $294,500 basis. Equity gained on principal adds $1,900/yr, and 5% annual appreciation accumulates to $81,365 by year five. Five-year ROI measures 103.1% and total cumulative return in cash reaches $100,657. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,441/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28621, Elkin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,020 (100%) |
| Owner Occupied HU | 3,106 (61.9%) |
| Renter Occupied HU | 1,269 (25.3%) |
| Vacant Housing Units | 645 (12.8%) |
| Median Home Value | $202,326 |
| Average Home Value | $255,608 |
Housing Distribution
Address Breakdown
Residential
4,538
Single Family
4,277
Multi-Family
261
Businesses
593
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Listed by: Debbie Simpson • RE/MAX Impact Realty
Mls Name: Triad MLS
Mls ID: #1194465