206 Oak 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 206 Oak Road, Banner Elk, NC, 28604 uses $116,025 cash to close to unlock $13,020/yr annual cash flow and $1,085/mo monthly cash flow. Total monthly income runs $3,218/mo, and a $1,713/mo payment keeps the spread at $1,085/mo. Purchase price stands at $350,000, and rental yield measures 11.03% with $3,218/mo rent. Return on cash invested shows 31.13% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 162.89% and total cumulative return in cash records $188,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,218/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.40 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: Debbie Canady • Superlative Realty Services
Mls Name: High Country AOR
Mls ID: #257804