192 Andy Hicks RoadBanner ElkNC28604
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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 192 Andy Hicks Road, Banner Elk, NC, 28604 with 5% annual appreciation on a $230,000 basis while $1,566/mo rent supports operations. Total monthly income totals $1,566/mo and a $1,126/mo payment preserves $164/mo for cash returns. Annual cash flow comes to $1,968/yr on $76,245 deployed, and return on cash invested reaches 22.49% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 8.17%. Five-year ROI measures 116.55% and total cumulative return in cash totals $88,867.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,566/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2004
2.96 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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Listed by: Jennifer Denny • Howard Hanna Allen Tate Realto
Mls Name: High Country AOR
Mls ID: #258297