201 S Washington St #406ShelbyNC28150
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
Rental property for sale in Shelby at 201 S Washington St #406, Shelby, NC, 28150 generates $1,124/mo in rent and, after a $759/mo payment, leaves $179/mo in cash flow. Total monthly income is $1,124/mo, and annual cash flow is $2,148/yr on $51,383 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 8.7% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash sums $64,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,124/mo property income rather than buyer’s personal income.
Condo
Built in 1924
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Dennes • Milemma Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301821