220 Northridge Road UNIT D15Beech MountainNC28604
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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
Rental property for sale in Beech Mountain at 220 Northridge Road UNIT D15, Beech Mountain, NC, 28604 generates $1,828/mo in rent and, after a $974/mo payment, leaves $274/mo in cash flow. Total monthly income is $1,828/mo, and annual cash flow is $3,292/yr on $65,969 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 11.02% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 131.78% and total cumulative return in cash sums $86,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,828/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$2,045 semi-annually 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: Joe Gross • The Wilson Agency
Mls Name: High Country AOR
Mls Provider:
Mls ID: #253085
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.