2240 S Lafayette StShelbyNC28152
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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 2240 S Lafayette St, Shelby, NC, 28152 earns from $1,268/mo rent with a $1,101/mo payment. Total monthly income totals $1,268/mo. ROI tracks 18.25% on current figures, and rental yield reads 6.76% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 93.81% and total cumulative return in cash sums $69,969. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,268/mo property income instead of your personal income.
Single Family
Built in 1934
2.50 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
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Listed by: Christie Sellers • Howard Hanna Allen Tate Shelby
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321720