221 Riverwalk DrConnelly SpringsNC28612
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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
Rental property for sale in Connelly Springs at 221 Riverwalk Dr, Connelly Springs, NC, 28612 offers $5,189/mo rent that, after a $4,723/mo payment. Total monthly income is $5,189/mo. Return on cash invested measures 17.44% in year one, and rental yield stands at 6.45% at a $965,000 entry. Equity gained on principal adds $6,227/yr while 5% annual appreciation compounds into $266,612 by year five. Five-year ROI records 89.46% and total cumulative return in cash reaches $284,023. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,189/mo property income versus a $4,723/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
2.90 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
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Listed by: Shawn Yambor • Weichert, Realtors - Team Metro
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333573