1610 Beam DrShelbyNC28152
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
Investment Highlights
Investment property for sale in Shelby at 1610 Beam Dr, Shelby, NC, 28152 uses $75,914 cash to close to unlock $4,838/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $1,799/mo, and a $1,121/mo payment keeps the spread at $403/mo. Purchase price stands at $229,000, and rental yield measures 9.43% with $1,799/mo rent. Return on cash invested shows 26.28% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 136.95% and total cumulative return in cash records $103,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1.44 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Guske • Nexthome Gold Key Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330824