209 Lake George DrShelbyNC28152
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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 209 Lake George Dr, Shelby, NC, 28152 with 5% annual appreciation on a $357,940 basis while $2,606/mo rent supports operations. Total monthly income totals $2,606/mo and a $1,752/mo payment preserves $404/mo for cash returns. Annual cash flow comes to $4,844/yr on $118,657 deployed, and return on cash invested reaches 23.99% in year one. Equity gained on principal adds $2,310/yr, and five-year appreciation sums $98,892 alongside rental yield of 8.74%. Five-year ROI measures 124.68% and total cumulative return in cash totals $147,947.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,606/mo property income versus a $1,752/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.30 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: #4192920
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