121 Shell DrElizabethtownNC28337
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 121 Shell Dr, Elizabethtown, NC, 28337 in Elizabethtown. At $318,000 it earns $2,402/mo in rent and distributes $464/mo to the owner after the $1,430/mo payment, a consistent 9.07% yield. DSCR 1.68 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $87,858 in value; $2,929/yr in principal paydown compounds ownership stake. Total projected return: $150,323.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $464 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,402 |
| Total Monthly Debt Service | $1,812 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28337, Elizabethtown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,345 (100%) |
| Owner Occupied HU | 2,624 (49.1%) |
| Renter Occupied HU | 1,358 (25.4%) |
| Vacant Housing Units | 1,363 (25.5%) |
| Median Home Value | $234,913 |
| Average Home Value | $263,846 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
4,078
Multi-Family
121
Businesses
476
Nearby investment properties with comparable rents
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
Single Family
Built in 2004
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28337, Elizabethtown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,345 (100%) |
| Owner Occupied HU | 2,624 (49.1%) |
| Renter Occupied HU | 1,358 (25.4%) |
| Vacant Housing Units | 1,363 (25.5%) |
| Median Home Value | $234,913 |
| Average Home Value | $263,846 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
4,078
Multi-Family
121
Businesses
476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MOLLY JACOBS • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #749207
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.