318 Collins RdElkinNC28621
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 Elkin at 318 Collins Rd, Elkin, NC, 28621 uses $59,670 cash to close to unlock $1,404/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,214/mo, and a $881/mo payment keeps the spread at $117/mo. Purchase price stands at $180,000, and rental yield measures 8.09% with $1,214/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 115.3% and total cumulative return in cash records $68,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,214/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28621, Elkin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,020 (100%) |
| Owner Occupied HU | 3,106 (61.9%) |
| Renter Occupied HU | 1,269 (25.3%) |
| Vacant Housing Units | 645 (12.8%) |
| Median Home Value | $202,326 |
| Average Home Value | $255,608 |
Housing Distribution
Address Breakdown
Residential
4,538
Single Family
4,277
Multi-Family
261
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Naomi Cooke • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Triad MLS
Mls ID: #1203883