143 Russell 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 143 Russell Rd, Shannon, NC, 28386 uses $55,692 cash to close to unlock $6,581/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $1,572/mo, and a $822/mo payment keeps the spread at $548/mo. Purchase price stands at $168,000, and rental yield measures 11.23% with $1,572/mo rent. Return on cash invested shows 31.73% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 166.14% and total cumulative return in cash records $92,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,572/mo property income covering a $822/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
0.89 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: JENNIFER FAATZ • NEXTHOME INTEGRITY FIRST
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740766
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.