26 Pinetop Cir #BBanner 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 26 Pinetop Cir #B, Banner Elk, NC, 28604 at $279,000 posts ROI 24.3% with $338/mo cash flow from $2,039/mo rent. Total monthly income equals $2,039/mo, and annual cash flow records $4,058/yr on $92,489 to close. Return on cash invested measures 24.3% and rental yield reads 8.77% at the current $279,000. Equity gained on principal adds $1,800/yr, and 5% annual appreciation supports $77,083 by year five. Five-year ROI prints 126.29% and total cumulative return in cash totals $116,803.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,039/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1987
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: Stephanie Smith • Select Premium Properties Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277693