761 Foxfire DriveBanner ElkNC28604
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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
Investment property for sale in Banner Elk at 761 Foxfire Drive, Banner Elk, NC, 28604 earns from $2,712/mo rent with a $7,097/mo payment. Total monthly income totals $2,712/mo. ROI tracks 4.72% on current figures, and rental yield reads 2.24% at a $1,450,000 purchase. Equity gained on principal adds $9,357/yr, and 5% annual appreciation supports $400,608 over five years. Five-year ROI reaches 21.19% and total cumulative return in cash sums $99,537. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,712/mo property income instead of your personal income.
Single Family
Built in 2025
0.89 Acres 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
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Listed by: Chris Cornett • Elevate Land & Realty Banner Elk
Mls Name: High Country AOR
Mls ID: #259384