204 Lake George 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
Rental property for sale in Shelby at 204 Lake George Dr, Shelby, NC, 28152 priced at $345,800 converts $2,494/mo rent into $365/mo cash flow after a $1,693/mo obligation. Total monthly income equals $2,494/mo, and annual cash flow totals $4,383/yr on $114,633 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 8.65% against a $345,800 entry. Equity gained on principal adds $2,231/yr, while 5% annual appreciation compiles into $95,538 by year five. Five-year ROI reaches 123.33% and total cumulative return in cash sums $141,375. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,494/mo property income covering a $1,693/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.42 Acres lot
$N/A/sqft
$250 annually 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: Jenna Lucas • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4199980
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 20:08:57 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)