9589 State Highway 268ElkinNC28621
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 9589 State Highway 268, Elkin, NC, 28621 offers a 9.78% rental yield on a $183,000 purchase with $1,492/mo rent. Total monthly income registers $1,492/mo, and a $896/mo payment leaves $376/mo available for distribution. Annual cash flow reaches $4,517/yr on $60,665 to close, and return on cash invested stands at 27.35% in year one. Equity gained on principal adds $1,181/yr while 5% annual appreciation supports $50,560 over five years. Portfolio math shows five-year ROI at 142.68% and total cumulative return in cash at $86,555. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,492/mo property income against a $896/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
0.95 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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Listed by: Rebecca Lynch • Lynch Realty & Associates
Mls Name: Triad MLS
Mls ID: #1201936