3076 Icard School RdConnelly 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 3076 Icard School Rd, Connelly Springs, NC, 28612 generates $1,602/mo in rent and, after a $1,150/mo payment, leaves $170/mo in cash flow. Total monthly income is $1,602/mo, and annual cash flow is $2,041/yr on $77,869 invested. Return on cash invested sits at 22.53% in year one, and rental yield is 8.18% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 116.82% and total cumulative return in cash sums $90,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,602/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.93 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: Deidre Parker • Hefner Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325709