1104 Frederick StShelbyNC28150
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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
Investment property for sale in Shelby at 1104 Frederick St, Shelby, NC, 28150 earns $97/mo cash flow from $1,560/mo rent with a $1,175/mo payment. Total monthly income totals $1,560/mo, and annual cash flow totals $1,164/yr on $79,560 capital. ROI tracks 21.37% on current figures, and rental yield reads 7.8% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 110.56% and total cumulative return in cash sums $87,962. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,560/mo property income instead of your personal income.
Single Family
Built in 1954
0.55 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: Craig Tribus • Beycome Brokerage Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331056