2614 Edwards StConnelly 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 2614 Edwards St, Connelly Springs, NC, 28612 priced at $177,500 pairs $1,384/mo rent with $302/mo cash flow after a $869/mo payment. Total monthly income equals $1,384/mo, and annual cash flow comes to $3,624/yr on $58,841 invested. Return on cash invested is 26.07% in year one, and rental yield stands at 9.36% on a $177,500 basis. Equity gained on principal adds $1,145/yr, and 5% annual appreciation accumulates to $49,040 by year five. Five-year ROI measures 135.72% and total cumulative return in cash reaches $79,860. For financing, Ziffy Mortgage’s DSCR program evaluates $1,384/mo property income against a $869/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.46 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: Daisy Donnahue • Western Piedmont Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4182527
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)