3664 Elk Ridge RoadFergusonNC28624
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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
Total monthly income runs $2,803/mo, and a $4,381/mo payment. Purchase price stands at $895,000, and rental yield measures 3.76% with $2,803/mo rent. Return on cash invested shows 9.25% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 45.53% and total cumulative return in cash records $134,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,803/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Single Family
Built in 2006
6.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28624, Ferguson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 601 (65.5%) |
| Renter Occupied HU | 123 (13.4%) |
| Vacant Housing Units | 194 (21.1%) |
| Median Home Value | $179,167 |
| Average Home Value | $238,864 |
Housing Distribution
Address Breakdown
Residential
754
Single Family
754
Multi-Family
0
Businesses
23
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Listed by: Trevor Whitson • Leatherwood Mountains Homes & Sales, Llc.
Mls Name: High Country AOR
Mls ID: #259026