1007 W Cabaniss RdShelbyNC28150
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Nearby investment properties with comparable prices
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 Shelby at 1007 W Cabaniss Rd, Shelby, NC, 28150 uses $84,533 cash to close to unlock $6,984/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $2,136/mo, and a $1,248/mo payment keeps the spread at $582/mo. Purchase price stands at $255,000, and rental yield measures 10.05% with $2,136/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 147.01% and total cumulative return in cash records $124,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,136/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
3.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28150, Shelby, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,246 (100%) |
| Owner Occupied HU | 7,826 (59.1%) |
| Renter Occupied HU | 4,275 (32.3%) |
| Vacant Housing Units | 1,145 ( 8.6%) |
| Median Home Value | $268,013 |
| Average Home Value | $335,622 |
Housing Distribution
Address Breakdown
Residential
12,547
Single Family
12,328
Multi-Family
219
Businesses
953
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Listed by: Jenna Carroll • Keller Williams Prestige Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320328