1939 Elk Knob RoadLaurel SpringsNC28644
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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 Laurel Springs at 1939 Elk Knob Road, Laurel Springs, NC, 28644 generates $1,946/mo in rent, after a $1,713/mo payment. Total monthly income is $1,946/mo. Return on cash invested sits at 17.97% in year one, and rental yield is 6.67% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 92.34% and total cumulative return in cash sums $107,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,946/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.92 Acres lot
$N/A/sqft
No HOA
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Listed by: Stephen Almon • Wayne Clark Real Estate
Mls Name: High Country AOR
Mls Provider:
Mls ID: #257316
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.