1039 Tranquil Cove CtConnelly SpringsNC28612
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
Total monthly income runs $3,896/mo, and a $6,338/mo payment. Purchase price stands at $1,295,000, and rental yield measures 3.61% with $3,896/mo rent. Return on cash invested shows 8.94% in year one, and 5% annual appreciation builds toward $357,785 over five years. Five-year ROI reaches 43.8% and total cumulative return in cash records $183,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,896/mo property income covering a $6,338/mo payment rather than investor’s personal income.
Single Family
Built in 2012
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28612, Connellys Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,089 (68.5%) |
| Renter Occupied HU | 1,128 (18.9%) |
| Vacant Housing Units | 748 (12.5%) |
| Median Home Value | $222,551 |
| Average Home Value | $246,542 |
Housing Distribution
Address Breakdown
Residential
4,585
Single Family
4,585
Multi-Family
0
Businesses
131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A