402 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
Investment property for sale in Elk Park at 402 Turkey Knob Lane, Elk Park, NC, 28622 at $349,000 posts ROI 14.1% with from $1,567/mo rent. Total monthly income equals $1,567/mo. Return on cash invested measures 14.1% and rental yield reads 5.39% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 71.61% and total cumulative return in cash totals $82,848. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,567/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2020
1.01 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: Michelle Kowalski • Blowing Rock Real Estate, LLC
Mls Name: High Country AOR
Mls ID: #258826