367 Skyleaf Drive UNIT D-8Banner ElkNC28604
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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 Banner Elk at 367 Skyleaf Drive UNIT D-8, Banner Elk, NC, 28604 priced at $289,000 pairs $2,266/mo rent with $102/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,266/mo, and annual cash flow comes to $1,218/yr on $95,804 invested. Return on cash invested is 21.18% in year one, and rental yield stands at 9.41% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 111.37% and total cumulative return in cash reaches $106,694. For financing, Ziffy Mortgage’s DSCR program evaluates $2,266/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$1,208 quarterly 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
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Listed by: Lyn Hunter • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252220
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.