236 Laurel Ridge RoadBanner 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 236 Laurel Ridge Road, Banner Elk, NC, 28604 offers a 9.16% rental yield on a $315,900 purchase with $2,412/mo rent. Total monthly income registers $2,412/mo, and a $1,546/mo payment leaves $312/mo available for distribution. Annual cash flow reaches $3,743/yr on $104,721 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $2,038/yr while 5% annual appreciation supports $87,277 over five years. Portfolio math shows five-year ROI at 122.6% and total cumulative return in cash at $128,388. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,412/mo property income against a $1,546/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
6,098 sqft lot
$N/A/sqft
$175 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: Susan Stelling • EXP Realty LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #256757
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.