Zip Code 27244 — Elon, NC
🔴WEAK— appreciation play onlyCap Rate
3.1%
Monthly Cash Flow
-$866
Median Home Price
$318,384
DSCR
0.49
🏠 Fair Market Rents
- Studio
- $850/mo
- 1 Bedroom
- $1,070/mo
- 2 Bedroom
- $1,250/mo
- 3 Bedroom
- $1,560/mo
- 4 Bedroom
- $1,760/mo
📊 Investment Metrics
- Cap Rate
- 3.1%
- Cash-on-Cash Return
- -14.2%
- Price-to-Rent Ratio
- 17.0
- 1% Rule
- 0.49%
- Gross Rent Multiplier
- 17.0
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →