Avery Plan, WexfordElonNC27244
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
Rental property for sale in Elon at Avery Plan, Wexford, Elon, NC, 27244 priced at $424,490 converts $2,514/mo rent into after a $2,078/mo obligation. Total monthly income equals $2,514/mo. Return on cash invested prints 19.28% in year one, and rental yield reads 7.11% against a $424,490 entry. Equity gained on principal adds $2,739/yr, while 5% annual appreciation compiles into $117,279 by year five. Five-year ROI reaches 99.36% and total cumulative return in cash sums $139,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $2,078/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A