6776 Cobbs PlConnelly 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 6776 Cobbs Pl, Connelly Springs, NC, 28612 uses $74,554 cash to close to unlock $4,381/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,736/mo, and a $1,101/mo payment keeps the spread at $365/mo. Purchase price stands at $224,900, and rental yield measures 9.26% with $1,736/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 134.3% and total cumulative return in cash records $100,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,736/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.47 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: Kenneth Morrison • Horizon Realty Associates LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304195