106 Bell StShelbySC29702
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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
Rental property for sale in Shelby at 106 Bell St, Shelby, SC, 29702 priced at $229,000 converts $1,848/mo rent into $485/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,848/mo, and annual cash flow totals $5,816/yr on $75,914 invested. Return on cash invested prints 27.57% in year one, and rental yield reads 9.68% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 143.65% and total cumulative return in cash sums $109,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,848/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29702, Blacksburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,531 (100%) |
| Owner Occupied HU | 3,184 (70.3%) |
| Renter Occupied HU | 949 (20.9%) |
| Vacant Housing Units | 398 ( 8.8%) |
| Median Home Value | $174,119 |
| Average Home Value | $197,639 |
Housing Distribution
Address Breakdown
Residential
4,480
Single Family
4,478
Multi-Family
2
Businesses
285
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Listed by: Michael Falls • Falls Real Estate Llc
Mls Name: Cherokee County BOR
Mls ID: #33353