5349 Hickory Nut Gap 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
Rental property for sale in Banner Elk at 5349 Hickory Nut Gap Road, Banner Elk, NC, 28604 generates $1,968/mo in rent, after a $1,879/mo payment. Total monthly income is $1,968/mo. Return on cash invested sits at 16.4% in year one, and rental yield is 6.15% on a $384,000 entry. Equity gained on principal adds $2,478/yr, while 5% annual appreciation builds toward $106,092 over five years. Five-year ROI reaches 83.94% and total cumulative return in cash sums $106,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,968/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
4.87 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: Mike Pocisk • EXP Realty LLC
Mls Name: High Country AOR
Mls ID: #259303