2706 Connelly Springs RdGranite FallsNC28630
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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 Granite Falls at 2706 Connelly Springs Rd, Granite Falls, NC, 28630 uses $112,677 cash to close to unlock $349/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $2,101/mo, and a $1,664/mo payment keeps the spread at $29/mo. Purchase price stands at $339,900, and rental yield measures 7.42% with $2,101/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 104.42% and total cumulative return in cash records $117,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,101/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28630, Granite Falls, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,842 (100%) |
| Owner Occupied HU | 6,127 (69.3%) |
| Renter Occupied HU | 2,068 (23.4%) |
| Vacant Housing Units | 647 ( 7.3%) |
| Median Home Value | $268,612 |
| Average Home Value | $315,769 |
Housing Distribution
Address Breakdown
Residential
8,153
Single Family
8,048
Multi-Family
105
Businesses
440
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Listed by: Joel Barber • Agent Group Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321137