504 John RdShannonNC28386
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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 Shannon at 504 John Rd, Shannon, NC, 28386 offers a 10.05% rental yield on a $242,990 purchase with $2,035/mo rent. Total monthly income registers $2,035/mo, and a $1,189/mo payment leaves $554/mo available for distribution. Annual cash flow reaches $6,653/yr on $80,551 to close, and return on cash invested stands at 28.17% in year one. Equity gained on principal adds $1,568/yr while 5% annual appreciation supports $67,134 over five years. Portfolio math shows five-year ROI at 147.03% and total cumulative return in cash at $118,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,035/mo property income against a $1,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28386, Shannon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,433 (65.7%) |
| Renter Occupied HU | 554 (25.4%) |
| Vacant Housing Units | 193 ( 8.9%) |
| Median Home Value | $78,347 |
| Average Home Value | $112,582 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
1,998
Multi-Family
0
Businesses
60
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Listed by: LEWIS DOVE • FATHOM REALTY NC, LLC FAY.
Mls Name: LPRMLS
Mls ID: #749127