690 Briarcliff Road UNIT 14Banner ElkNC28604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,759/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 3.9% with $2,759/mo rent. Return on cash invested shows 9.67% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 47.78% and total cumulative return in cash records $133,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Condo
Built in 1981
4,356 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam Semple • Sugar Mountain Realty-Dereka's
Mls Name: High Country AOR
Mls ID: #257603