297 Pasture LaneBanner 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
Rental property for sale in Banner Elk at 297 Pasture Lane, Banner Elk, NC, 28604 priced at $1,100,000 pairs $5,302/mo rent with after a $5,384/mo payment. Total monthly income equals $5,302/mo. Return on cash invested is 15.09% in year one, and rental yield stands at 5.78% on a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and 5% annual appreciation accumulates to $303,910 by year five. Five-year ROI measures 76.98% and total cumulative return in cash reaches $274,339. For financing, Ziffy Mortgage’s DSCR program evaluates $5,302/mo property income against a $5,384/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
0.33 Acres lot
$N/A/sqft
$1,995 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: Carol Pillsbury • EXP Realty LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #258085
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.