303 Sugar Top Drive #2907Banner 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 303 Sugar Top Drive #2907, Banner Elk, NC, 28604 earns $657/mo cash flow from $2,634/mo rent with a $1,588/mo payment. Total monthly income totals $2,634/mo, and annual cash flow totals $7,879/yr on $107,572 capital. ROI tracks 27.23% on current figures, and rental yield reads 9.74% at a $324,500 purchase. Equity gained on principal adds $2,094/yr, and 5% annual appreciation supports $89,653 over five years. Five-year ROI reaches 142.01% and total cumulative return in cash sums $152,760. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,634/mo property income instead of your personal income.
Condo
Built in 1983
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaclyn Lecka • Realty One Group Results-Banne
Mls Name: High Country AOR
Mls ID: #256142