460 Little Elk 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
Rental property for sale in Elk Park at 460 Little Elk Road, Elk Park, NC, 28622 priced at $298,000 pairs $1,906/mo rent with $89/mo cash flow after a $1,459/mo payment. Total monthly income equals $1,906/mo, and annual cash flow comes to $1,073/yr on $98,787 invested. Return on cash invested is 20.99% in year one, and rental yield stands at 7.68% on a $298,000 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,332 by year five. Five-year ROI measures 108.57% and total cumulative return in cash reaches $107,252. For financing, Ziffy Mortgage’s DSCR program evaluates $1,906/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1904
1.06 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: Josephine Muldoon • Howard Hanna Allen Tate Real Estate Blowing Rock
Mls Name: High Country AOR
Mls ID: #258381