770 Milesville 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 770 Milesville Rd, Elon, NC, 27244 listed at $199,900 pairs $1,298/mo rent with a $978/mo payment to leave $80/mo cash flow. Total monthly income runs $1,298/mo, and annual cash flow reaches $961/yr on $66,267 cash to close. Return on cash invested measures 21.36% in year one, and rental yield registers 7.79% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 110.54% and total cumulative return in cash totals $73,249. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,298/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
1.24 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: Jamie Serber • Coldwell Banker Advantage
Mls Name: Triad MLS
Mls ID: #1188818