224 W Cascade AveShelbyMT59474
INVESTMENT ANALYSIS
Investment Verdict
Solid Income224 W Cascade Ave, Shelby, MT, 59474 in Shelby is a solid income-producing rental, 9.35% gross yield, $864/mo rent, $214/mo net cash flow on a $110,000 buy. DSCR 1.75 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $30,391 and $1,013/yr in principal reduction project a total cumulative return of $55,777.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $214 | $300 |
City averages based on Shelby market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $864 |
| Total Monthly Debt Service | $599 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59474, Shelby, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,630 (100%) |
| Owner Occupied HU | 825 (50.6%) |
| Renter Occupied HU | 429 (26.3%) |
| Vacant Housing Units | 376 (23.1%) |
| Median Home Value | $235,112 |
| Average Home Value | $297,739 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,064
Multi-Family
129
Businesses
231
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
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59474, Shelby, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,630 (100%) |
| Owner Occupied HU | 825 (50.6%) |
| Renter Occupied HU | 429 (26.3%) |
| Vacant Housing Units | 376 (23.1%) |
| Median Home Value | $235,112 |
| Average Home Value | $297,739 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,064
Multi-Family
129
Businesses
231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gordon Smedsrud • Home Sweet Home Realty Group LLC
Mls Name: MRMLS
Mls Provider:
Mls ID: #30044246
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.