218 Elk Hill Drive UNIT 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 Drive UNIT 6, Banner Elk, NC, 28604 at $219,999 posts ROI 26.47% with $399/mo cash flow from $1,890/mo rent. Total monthly income equals $1,890/mo, and annual cash flow records $4,788/yr on $72,930 to close. Return on cash invested measures 26.47% and rental yield reads 10.31% at the current $219,999. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 138.81% and total cumulative return in cash totals $101,231.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,890/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1983
N/A lot
$N/A/sqft
$150 monthly 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: Nate Wright • Hyatt In The High Country, Inc.
Mls Name: High Country AOR
Mls Provider:
Mls ID: #253764
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.