2944 Us Highway 70 HwyConnelly 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
Investment property for sale in Connelly Springs at 2944 Us Highway 70 Hwy, Connelly Springs, NC, 28612 uses $81,218 cash to close to unlock $7,668/yr annual cash flow and $639/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,199/mo payment keeps the spread at $639/mo. Purchase price stands at $245,000, and rental yield measures 10.44% with $2,132/mo rent. Return on cash invested shows 29.35% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 153.35% and total cumulative return in cash records $124,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.52 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: Colby Winters • Fathom Realty NC LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336959