737 Spanish Oak RdElonNC27244
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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 Elon at 737 Spanish Oak Rd, Elon, NC, 27244 uses $164,093 cash to close to unlock $1,752/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $3,163/mo, and a $2,423/mo payment keeps the spread at $146/mo. Purchase price stands at $495,000, and rental yield measures 7.67% with $3,163/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 108.44% and total cumulative return in cash records $177,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,163/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1966
1.98 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: Joshua Whitley • Alamance County Realty
Mls Name: Triad MLS
Mls ID: #1201959