7155 Oak Ridge Church RdConnelly SpringsNC28612
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7155 Oak Ridge Church Rd, Connelly Springs, NC, 28612 offers a 10.93% rental yield on a $178,300 purchase with $1,624/mo rent. Total monthly income registers $1,624/mo, and a $873/mo payment leaves $537/mo available for distribution. Annual cash flow reaches $6,444/yr on $59,106 to close, and return on cash invested stands at 30.81% in year one. Equity gained on principal adds $1,151/yr while 5% annual appreciation supports $49,261 over five years. Portfolio math shows five-year ROI at 161.3% and total cumulative return in cash at $95,339. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,624/mo property income against a $873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
0.67 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A