For SaleRisky Deal253 days on market
7882 Kinglet Rd
7882 Kinglet Rd, Connelly Springs, NC 28612, Connelly Springs, NC 28612
$58,000
Listing Price
7882 Kinglet Rd, Connelly Springs, NC 28612
Loc: Connelly Springs, NC
Days Listed
253
Tax Assessed
$102k
Lot Size
0.05 acres
Type
townhouse
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
George Hildebrand Elementary
PK-5
6 mi away
4
East Burke Middle
6-8
11.6 mi away
4
East Burke High
9-12
11.5 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
Townhouse1973CentralCentral AirParking Lot$250 monthly0.05 Acres253 Days$45
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
-15.15%
Total ROI
-370.4%
Cash Flow
$-1,033/mo
DSCR
-2.43
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,033/mo net cash flow with a -15.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Connelly Springs, NC
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-06-23 | Price change | $58,000 | $45 |
| 2026-04-11 | Price change | $60,000 | $46 |
| 2026-03-12 | Price change | $65,000 | $50 |
| 2026-01-17 | Price change | $80,000 | $62 |
| 2026-01-16 | Listed for sale | $109,000 | $84 |
| 2025-12-25 | Listing removed | $89,000 | $68 |
| 2025-11-26 | Price change | $89,000 | $68 |
| 2025-09-24 | Price change | $95,000 | $73 |
| 2025-08-30 | Price change | $99,000 | $76 |
| 2025-08-02 | Price change | $105,000 | $81 |
| 2025-06-25 | Listed for sale | $109,000 | $84 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2019 | $422.74 | $1,484,014 |
| 2018 | $417.18 | $41,538 |
| 2017 | $403.95 | $41,538 |
| 2016 | $403.95 | $41,538 |
| 2015 | $400.95 | $41,538 |
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