4811 Flat Springs 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 4811 Flat Springs Road, Elk Park, NC, 28622 listed at $189,900 pairs $1,784/mo rent with a $929/mo payment to leave $627/mo cash flow. Total monthly income runs $1,784/mo, and annual cash flow reaches $7,525/yr on $62,952 cash to close. Return on cash invested measures 31.86% in year one, and rental yield registers 11.27% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 166.88% and total cumulative return in cash totals $105,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,784/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2002
1.28 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: Jason Eldreth • A PLUS Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #251549
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.