8431 Austin Traphill RdElkinNC28621
Nearby investment properties with comparable rents
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 Elkin at 8431 Austin Traphill Rd, Elkin, NC, 28621 offers a 10.85% rental yield on a $199,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $974/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,046/yr on $65,969 to close, and return on cash invested stands at 30.59% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 160.07% and total cumulative return in cash at $105,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28621, Elkin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,020 (100%) |
| Owner Occupied HU | 3,106 (61.9%) |
| Renter Occupied HU | 1,269 (25.3%) |
| Vacant Housing Units | 645 (12.8%) |
| Median Home Value | $202,326 |
| Average Home Value | $255,608 |
Housing Distribution
Address Breakdown
Residential
4,538
Single Family
4,277
Multi-Family
261
Businesses
593
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gambill Aldridge • Basin Creek Realty
Mls Name: Triad MLS
Mls ID: #1203422