107 Southern Pines DrShelbyNC28152
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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
Rental property for sale in Shelby at 107 Southern Pines Dr, Shelby, NC, 28152 priced at $355,000 converts $2,322/mo rent into $158/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,322/mo, and annual cash flow totals $1,896/yr on $117,683 invested. Return on cash invested prints 21.52% in year one, and rental yield reads 7.85% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 111.34% and total cumulative return in cash sums $131,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,322/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28152, Shelby, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,103 (100%) |
| Owner Occupied HU | 6,672 (60.1%) |
| Renter Occupied HU | 3,696 (33.3%) |
| Vacant Housing Units | 735 ( 6.6%) |
| Median Home Value | $237,031 |
| Average Home Value | $257,087 |
Housing Distribution
Address Breakdown
Residential
10,647
Single Family
9,897
Multi-Family
750
Businesses
754
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Listed by: Brittany Austin • Coldwell Banker Mountain View
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306342