128 Pine 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
Investment property for sale in Shelby at 128 Pine St, Shelby, NC, 28152 uses $41,438 cash to close to unlock $2,484/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $969/mo, and a $612/mo payment keeps the spread at $207/mo. Purchase price stands at $125,000, and rental yield measures 9.3% with $969/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 134.85% and total cumulative return in cash records $55,877. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $969/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.23 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: Marcella Connelly • Rockin Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4271224