2095 Elk Ridge RoadFergusonNC28624
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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 Ferguson at 2095 Elk Ridge Road, Ferguson, NC, 28624 listed at $565,000 pairs $0/mo rent with a $2,765/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.17% in year one, and rental yield registers 0% at a $565,000 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,099 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28624, Ferguson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 601 (65.5%) |
| Renter Occupied HU | 123 (13.4%) |
| Vacant Housing Units | 194 (21.1%) |
| Median Home Value | $179,167 |
| Average Home Value | $238,864 |
Housing Distribution
Address Breakdown
Residential
754
Single Family
754
Multi-Family
0
Businesses
23
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Listed by: Kim Mateiko • Century 21 Mountain Vistas
Mls Name: High Country AOR
Mls ID: #257113