859 Edwards Lakeview DrElkinNC28621
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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 Elkin at 859 Edwards Lakeview Dr, Elkin, NC, 28621 earns $193/mo cash flow from $893/mo rent with a $562/mo payment. Total monthly income totals $893/mo, and annual cash flow totals $2,317/yr on $38,089 capital. ROI tracks 25.99% on current figures, and rental yield reads 9.33% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 135.48% and total cumulative return in cash sums $51,602. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $893/mo property income instead of your personal income.
Single Family
Built in 1960
0.47 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
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