1212 Patterson StShelbyNC28152
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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 1212 Patterson St, Shelby, NC, 28152 generates $1,799/mo in rent and, after a $1,076/mo payment, leaves $459/mo in cash flow. Total monthly income is $1,799/mo, and annual cash flow is $5,509/yr on $72,897 invested. Return on cash invested sits at 27.47% in year one, and rental yield is 9.82% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 143.3% and total cumulative return in cash sums $104,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.27 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: Marie Moss • Southern Nest Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331423