2199 Castle PeakMountain None 140 Connelly 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
Rental property for sale in Mountain None 140 Connelly Springs at 2199 Castle Peak, Mountain None 140 Connelly Springs, NC, 28612 generates $1,800/mo in rent, after a $6,603/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 2.74% in year one, and rental yield is 1.6% on a $1,349,000 entry. Equity gained on principal adds $8,705/yr, while 5% annual appreciation builds toward $372,704 over five years. Five-year ROI reaches 10.55% and total cumulative return in cash sums $46,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.83 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: Nicole Palmer • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298246