2114 Scallans LnElonNC27244
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 2114 Scallans Ln, Elon, NC, 27244 offers $2,070/mo rent that, after a $2,603/mo payment. Total monthly income is $2,070/mo. Return on cash invested measures 12.03% in year one, and rental yield stands at 4.67% at a $531,900 entry. Equity gained on principal adds $3,432/yr while 5% annual appreciation compounds into $146,954 by year five. Five-year ROI records 60.41% and total cumulative return in cash reaches $105,723. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,070/mo property income versus a $2,603/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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: N/A • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A