278 Winters StElk ParkNC28622
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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
Rental property for sale in Elk Park at 278 Winters St, Elk Park, NC, 28622 offers $1,608/mo rent that, after a $925/mo payment, leaves $456/mo cash flow. Total monthly income is $1,608/mo, and annual cash flow is $5,474/yr on $62,654 cash. Return on cash invested measures 28.65% in year one, and rental yield stands at 10.21% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 149.64% and total cumulative return in cash reaches $93,754. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,608/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28622, Elk Park, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,449 (100%) |
| Owner Occupied HU | 819 (56.5%) |
| Renter Occupied HU | 254 (17.5%) |
| Vacant Housing Units | 376 (25.9%) |
| Median Home Value | $243,699 |
| Average Home Value | $309,939 |
Housing Distribution
Address Breakdown
Residential
1,016
Single Family
961
Multi-Family
55
Businesses
44
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Listed by: Ally Long • Lacey Realty
Mls Name: My State MLS
Mls ID: #11596766