214 Indian Paintbrush Drive #RC-1Banner ElkNC28604
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
Investment property for sale in Banner Elk at 214 Indian Paintbrush Drive #RC-1, Banner Elk, NC, 28604 offers a 4.66% rental yield on a $725,000 purchase with $2,813/mo rent. 98% in year one. Equity gained on principal adds $4,678/yr while 5% annual appreciation supports $200,304 over five years. Portfolio math shows five-year ROI at 60.16% and total cumulative return in cash at $143,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,813/mo property income against a $3,549/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leah Grove • Foscoe Realty & Development
Mls Name: High Country AOR
Mls ID: #259631