7403 Elmont CtBrowns SummitNC27214
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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 Browns Summit at 7403 Elmont Ct, Browns Summit, NC, 27214 offers a 12.26% rental yield on a $234,900 purchase with $2,399/mo rent. Total monthly income registers $2,399/mo, and a $1,150/mo payment leaves $967/mo available for distribution. Annual cash flow reaches $11,605/yr on $77,869 to close, and return on cash invested stands at 34.81% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 182.7% and total cumulative return in cash at $142,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,399/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27214, Browns Summit, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,083 (100%) |
| Owner Occupied HU | 3,677 (72.3%) |
| Renter Occupied HU | 1,177 (23.2%) |
| Vacant Housing Units | 229 ( 4.5%) |
| Median Home Value | $370,860 |
| Average Home Value | $394,876 |
Housing Distribution
Address Breakdown
Residential
5,128
Single Family
4,610
Multi-Family
518
Businesses
170
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Listed by: Tiffany Lattero • United Properties of NC
Mls Name: Triad MLS
Mls ID: #1190774