Banner Elk, NC Mid-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for mid-term rental investments in Banner Elk, NC. Based on 10+ datapoints.
Banner Elk, NC Mid-Term Rental Investment Snapshot
Based on 10+ mid-term rental datapoints
Median Cap Rate
3.8%
Avg Cash on Cash
-10.9%
Median Cashflow
-$1,725/mo
Avg Rent Estimate
$3,873/mo
Avg Price
$788,523
Price Range
$369,000 - $1,249,000
Rent to Price
0.49%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as mid-term rental deals in Banner Elk, NC
Banner Elk, NC is a premium mid-term rental market where property values complement furnished rental income. Cap rates average 3.8%, typical of premium markets where MTR investors capture both appreciation and the rent premium furnished 30–180 day stays command over standard leases.
Across 10+ analyzed properties, Banner Elk, NC mid-term rental investments show a median monthly cashflow of -$1,725 with average furnished rent estimates of $3,873/month. These figures reflect real property data, not projections.
106 Upper Grouse Ridge Road, Banner Elk, NC 28604
Price
$568,000
Rent
$3,333
CachFlow
-$1,159
CoC
-10.13
140 Lower Grouse Ridge Road, Banner Elk, NC 28604
Price
$799,000
Rent
$4,794
CachFlow
-$1,621
CoC
-10.47
262 Red Tailed Hawk Road, Banner Elk, NC 28604
Price
$1,134,200
Rent
$5,418
CachFlow
-$2,741
CoC
-12.84
8 Long Crested Drive, Banner Elk, NC 28604
Price
$997,500
Rent
$3,468
CachFlow
-$3,775
CoC
-19.91
Banner Elk, NC Mid-Term Rental Market Insights
- •Median cashflow is -$1,725/month — careful deal selection is essential here
- •3.8% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, Banner Elk, NC requires selective property picks
- •Premium market with properties from $369,000 to $1,249,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs