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5929 MOURGLEA AVE
CONNELLY SPRINGS, NC 28612
Asking Price
$315K
Cap Rate
11.17%
Asset Type
Residential Land
Class
Class B
What's Special
Great low cost cash flow investment <p><strong style="color: rgba(0, 0, 0, 1)">Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooring, paneling, paint, inter
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NOI
$80,000
Cap Rate
25.40%
DSCR
4.28
Strong
Cash-on-Cash
64.87%
Monthly Payment
$1,558.448
Annual Cash Flow
$61,298.622