3181 Shag Bark 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 3181 Shag Bark Rd, Connelly Springs, NC, 28612 generates $1,822/mo in rent and, after a $925/mo payment, leaves $670/mo in cash flow. Total monthly income is $1,822/mo, and annual cash flow is $8,044/yr on $62,620 invested. Return on cash invested sits at 32.75% in year one, and rental yield is 11.57% on a $188,900 entry. Equity gained on principal adds $1,219/yr, while 5% annual appreciation builds toward $52,190 over five years. Five-year ROI reaches 171.67% and total cumulative return in cash sums $107,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,822/mo property income rather than buyer’s personal income.
Manufactured
Built in 1974
0.49 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: Michelle Ton • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335476