5240 N Shannon 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
Rental property for sale in Shannon at 5240 N Shannon Rd, Shannon, NC, 28386 priced at $395,000 converts $2,948/mo rent into $541/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,948/mo, and annual cash flow totals $6,492/yr on $130,943 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 8.96% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 129.29% and total cumulative return in cash sums $169,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,948/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1970
4.10 Acres 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: CHRISTINA STRICKLAND • ALLSTARS REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #732548
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.