5590 Elk Knob CtDenverNC28037
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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
Total monthly income runs $3,586/mo, and a $4,723/mo payment. Purchase price stands at $965,000, and rental yield measures 4.46% with $3,586/mo rent. Return on cash invested shows 11.39% in year one, and 5% annual appreciation builds toward $266,612 over five years. Five-year ROI reaches 56.97% and total cumulative return in cash records $180,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,586/mo property income covering a $4,723/mo payment rather than investor’s personal income.
Single Family
Built in 2016
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28037, Denver, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,428 (76.7%) |
| Renter Occupied HU | 2,019 (14.9%) |
| Vacant Housing Units | 1,142 ( 8.4%) |
| Median Home Value | $470,635 |
| Average Home Value | $547,465 |
Housing Distribution
Address Breakdown
Residential
13,309
Single Family
12,670
Multi-Family
639
Businesses
1,164
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Listed by: David Henderson • Southern Homes of the Carolinas, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321016