401 Turkey Knob LaneElk ParkNC28622
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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 Elk Park at 401 Turkey Knob Lane, Elk Park, NC, 28622 priced at $399,500 converts $1,752/mo rent into after a $1,955/mo obligation. Total monthly income equals $1,752/mo. Return on cash invested prints 13.73% in year one, and rental yield reads 5.26% against a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation compiles into $110,374 by year five. Five-year ROI reaches 69.56% and total cumulative return in cash sums $92,115. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,752/mo property income covering a $1,955/mo payment, not borrower’s personal income.
Single Family
Built in 2002
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28622, Elk Park, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,449 (100%) |
| Owner Occupied HU | 819 (56.5%) |
| Renter Occupied HU | 254 (17.5%) |
| Vacant Housing Units | 376 (25.9%) |
| Median Home Value | $243,699 |
| Average Home Value | $309,939 |
Housing Distribution
Address Breakdown
Residential
1,016
Single Family
961
Multi-Family
55
Businesses
44
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Listed by: Thomas Golder • Claybank Investors
Mls Name: High Country AOR
Mls ID: #257667