McQueen 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 McQueen Rd, Shannon, NC, 28386 at $144,000 posts ROI 24.9% with $198/mo cash flow from $1,104/mo rent. Total monthly income equals $1,104/mo, and annual cash flow records $2,380/yr on $47,736 to close. Return on cash invested measures 24.9% and rental yield reads 9.2% at the current $144,000. Equity gained on principal adds $929/yr, and 5% annual appreciation supports $39,785 by year five. Five-year ROI prints 129.8% and total cumulative return in cash totals $61,962.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,104/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
32 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: BRIAN BREWINGTON • 1ST CHOICE REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733095
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.