811 Pine Ridge RoadBanner ElkNC28604
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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
Rental property for sale in Banner Elk at 811 Pine Ridge Road, Banner Elk, NC, 28604 priced at $499,000 pairs $3,634/mo rent with $593/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,634/mo, and annual cash flow comes to $7,118/yr on $165,419 invested. Return on cash invested is 24.21% in year one, and rental yield stands at 8.74% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 125.81% and total cumulative return in cash reaches $208,110. For financing, Ziffy Mortgage’s DSCR program evaluates $3,634/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.34 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: Melissa Berkheimer • Buchanan Real Estate
Mls Name: High Country AOR
Mls ID: #259350