211 Forestview DrElonNC27244
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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 Elon at 211 Forestview Dr, Elon, NC, 27244 earns $262/mo cash flow from $2,453/mo rent with a $1,760/mo payment. Total monthly income totals $2,453/mo, and annual cash flow totals $3,139/yr on $119,174 capital. ROI tracks 22.54% on current figures, and rental yield reads 8.19% at a $359,500 purchase. Equity gained on principal adds $2,320/yr, and 5% annual appreciation supports $99,323 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash sums $139,268. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,453/mo property income instead of your personal income.
Single Family
Built in 1975
0.45 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
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Listed by: Amy Lynne Klutz • NorthGroup Real Estate, Inc.
Mls Name: Doorify MLS
Mls ID: #10117145