3400 Austin Traphill 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
Investment property for sale in Elkin at 3400 Austin Traphill Rd, Elkin, NC, 28621 uses $54,698 cash to close to unlock $3,216/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $1,274/mo, and a $808/mo payment keeps the spread at $268/mo. Purchase price stands at $165,000, and rental yield measures 9.27% with $1,274/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 134.26% and total cumulative return in cash records $73,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,274/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1955
1 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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Listed by: Jeffrey Nicholson • NorthGroup Real Estate
Mls Name: Triad MLS
Mls ID: #1201076