609 Huntingdon StElonNC27244
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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 Elon at 609 Huntingdon St, Elon, NC, 27244 generates $1,679/mo in rent, after a $1,613/mo payment. Total monthly income is $1,679/mo. Return on cash invested sits at 16.29% in year one, and rental yield is 6.11% on a $329,600 entry. Equity gained on principal adds $2,127/yr, while 5% annual appreciation builds toward $91,062 over five years. Five-year ROI reaches 83.34% and total cumulative return in cash sums $91,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,679/mo property income rather than buyer’s personal income.
Townhouse
Built in 2001
0.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27244, Elon College, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,652 (100%) |
| Owner Occupied HU | 3,798 (67.2%) |
| Renter Occupied HU | 1,304 (23.1%) |
| Vacant Housing Units | 550 ( 9.7%) |
| Median Home Value | $303,697 |
| Average Home Value | $318,062 |
Housing Distribution
Address Breakdown
Residential
4,933
Single Family
4,649
Multi-Family
284
Businesses
207
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Listed by: Renee Raines • eXp Realty
Mls Name: Triad MLS
Mls ID: #1198306