523 Pine Ridge RoadBanner ElkNC28604
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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 Banner Elk at 523 Pine Ridge Road, Banner Elk, NC, 28604 listed at $639,000 pairs $3,997/mo rent with a $3,128/mo payment to leave $102/mo cash flow. Total monthly income runs $3,997/mo, and annual cash flow reaches $1,226/yr on $210,231 cash to close. Return on cash invested measures 20.64% in year one, and rental yield registers 7.51% at a $639,000 basis. Equity gained on principal adds $4,123/yr, and annual property appreciation at 5% supports $176,544 by year five. Five-year ROI tracks 106.64% and total cumulative return in cash totals $224,200. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,997/mo property income relative to a $3,128/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28604, Banner Elk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,910 (100%) |
| Owner Occupied HU | 2,452 (24.7%) |
| Renter Occupied HU | 743 ( 7.5%) |
| Vacant Housing Units | 6,715 (67.8%) |
| Median Home Value | $382,801 |
| Average Home Value | $471,902 |
Housing Distribution
Address Breakdown
Residential
6,320
Single Family
5,791
Multi-Family
529
Businesses
455
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Listed by: Lyn Hunter • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #253033
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.