175 Old Meadowbrook LnElkinNC28621
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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
Rental property for sale in Elkin at 175 Old Meadowbrook Ln, Elkin, NC, 28621 offers $1,930/mo rent that, after a $1,953/mo payment. Total monthly income is $1,930/mo. Return on cash invested measures 15.36% in year one, and rental yield stands at 5.8% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 78.33% and total cumulative return in cash reaches $103,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,930/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
4.13 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: Carmen Miller • LPT Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289334