12305 Rennert RdShannonNC28386
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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 Shannon at 12305 Rennert Rd, Shannon, NC, 28386 uses $76,245 cash to close to unlock $5,652/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,873/mo, and a $1,126/mo payment keeps the spread at $471/mo. Purchase price stands at $230,000, and rental yield measures 9.77% with $1,873/mo rent. Return on cash invested shows 27.32% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 142.46% and total cumulative return in cash records $108,619. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,873/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28386, Shannon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,433 (65.7%) |
| Renter Occupied HU | 554 (25.4%) |
| Vacant Housing Units | 193 ( 8.9%) |
| Median Home Value | $78,347 |
| Average Home Value | $112,582 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
1,998
Multi-Family
0
Businesses
60
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Listed by: HEATHER TAYLOR • TAYLOR MADE REAL ESTATE
Mls Name: LPRMLS
Mls ID: #750962