372 Silver Springs Dr #20Banner 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
Total monthly income runs $4,020/mo, and a $3,377/mo payment. Purchase price stands at $689,900, and rental yield measures 6.99% with $4,020/mo rent. Return on cash invested shows 17.67% in year one, and 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 91.21% and total cumulative return in cash records $207,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,020/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
$800 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: Carrie Russ • Western Piedmont Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4275590
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-01 08:38:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)