397 Snow Cloud DriveBanner 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 397 Snow Cloud Drive, Banner Elk, NC, 28604 priced at $760,000 pairs $1,560/mo rent with after a $3,720/mo payment. Total monthly income equals $1,560/mo. Return on cash invested is 5.32% in year one, and rental yield stands at 2.46% on a $760,000 basis. Equity gained on principal adds $4,904/yr, and 5% annual appreciation accumulates to $209,974 by year five. Five-year ROI measures 24.43% and total cumulative return in cash reaches $61,081. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $3,720/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Kim Mateiko • Century 21 Mountain Vistas
Mls Name: High Country AOR
Mls ID: #257099