322 Layell RdElkinNC28621
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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 Elkin at 322 Layell Rd, Elkin, NC, 28621 priced at $485,000 converts $2,256/mo rent into after a $2,374/mo obligation. Total monthly income equals $2,256/mo. Return on cash invested prints 14.68% in year one, and rental yield reads 5.58% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 74.69% and total cumulative return in cash sums $120,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,256/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 2023
11 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
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Nearby investment properties with comparable prices
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