218 Elk Hill #6Banner 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 218 Elk Hill #6, Banner Elk, NC, 28604 at $170,000 posts ROI 26.83% with $325/mo cash flow from $1,361/mo rent. Total monthly income equals $1,361/mo, and annual cash flow records $3,900/yr on $56,355 to close. Return on cash invested measures 26.83% and rental yield reads 9.61% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 139.83% and total cumulative return in cash totals $78,801.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,361/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1983
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
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Listed by: Elyse McDaniel • Fathom Realty NC LLC
Mls Name: High Country AOR
Mls ID: #255563