423 Dark Hollow RoadElk 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 423 Dark Hollow Road, Elk Park, NC, 28622 at $129,000 posts ROI 25.95% with $215/mo cash flow from $1,001/mo rent. Total monthly income equals $1,001/mo, and annual cash flow records $2,582/yr on $42,764 to close. Return on cash invested measures 25.95% and rental yield reads 9.31% at the current $129,000. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 by year five. Five-year ROI prints 135.2% and total cumulative return in cash totals $57,817.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,001/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
0.30 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: Lisa Stewart • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #256992