7340 Downs AveConnelly 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 7340 Downs Ave, Connelly Springs, NC, 28612 earns $178/mo cash flow from $1,396/mo rent with a $978/mo payment. Total monthly income totals $1,396/mo, and annual cash flow totals $2,137/yr on $66,267 capital. ROI tracks 23.13% on current figures, and rental yield reads 8.38% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 120.08% and total cumulative return in cash sums $79,573. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,396/mo property income instead of your personal income.
Single Family
Built in 1985
1.25 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: Mike Watts • Berkshire Hathaway HomeServices Blue Ridge REALTORS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336042