206 Arbor DrElonNC27244
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 Elon at 206 Arbor Dr, Elon, NC, 27244 priced at $569,900 pairs $3,613/mo rent with $140/mo cash flow after a $2,789/mo payment. Total monthly income equals $3,613/mo, and annual cash flow comes to $1,681/yr on $187,497 invested. Return on cash invested is 20.96% in year one, and rental yield stands at 7.61% on a $569,900 basis. Equity gained on principal adds $3,677/yr, and 5% annual appreciation accumulates to $157,453 by year five. Five-year ROI measures 108.32% and total cumulative return in cash reaches $203,094. For financing, Ziffy Mortgage’s DSCR program evaluates $3,613/mo property income against a $2,789/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.35 Acres 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: Michelle Jordan • Realty World Carolina Properti
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10089296
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