For SaleExcellent Deal64 days on market
5022 Old State Highway 18
5022 Old State Highway 18, Connelly Springs, NC 28612, Connelly Springs, NC 28612
$130,000
Listing Price
5022 Old State Highway 18, Connelly Springs, NC 28612
Loc: Connelly Springs, NC
Days Listed
64
Tax Assessed
$113k
Lot Size
5.90 acres
Rent Estimate
$1,335/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
George Hildebrand Elementary
PK-5
3.8 mi away
4
East Burke Middle
6-8
8.7 mi away
4
East Burke High
9-12
8.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Single Family Residence1964NoneWall Unit(s)Open Parking5.90 Acres64 Days
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 8/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.87%
Total ROI
130.0%
Cash Flow
$178/mo
DSCR
1.26
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $178/mo net cash flow with a 7.9% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.9%)
- • Strong rental demand in Connelly Springs
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-12 | Price change | $130,000 | – |
| 2026-07-22 | Listed for sale | $150,000 | – |
| 2021-11-19 | Sold | $75,000 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $835.59 | $112,665 |
| 2024 | $837.22 | $112,665 |
| 2023 | $837.22 | $112,665 |
| 2022 | $807.36 | $90,671 |
| 2021 | $478.29 | $90,671 |
| 2020 | $476.29 | $90,671 |
| 2019 | $408.62 | $90,671 |
| 2018 | $491.6 | $92,019 |
| 2017 | $758.65 | $88,363 |
| 2016 | $758.65 | $88,363 |
| 2015 | $755.65 | $88,363 |
Similar Properties Nearby
Explore other investment opportunities in Connelly Springs.