839 Old Towne DrElonNC27244
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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 839 Old Towne Dr, Elon, NC, 27244 at $450,000 posts ROI 19.18% with from $2,652/mo rent. Total monthly income equals $2,652/mo. Return on cash invested measures 19.18% and rental yield reads 7.07% at the current $450,000. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 by year five. Five-year ROI prints 98.78% and total cumulative return in cash totals $147,354. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,652/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
8,712 sqft 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: Nanette Noel • NorthGroup Real Estate LLC
Mls Name: Doorify MLS
Mls ID: #10136902