2344 Joes Lake RdShelbyNC28152
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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 2344 Joes Lake Rd, Shelby, NC, 28152 listed at $310,900 pairs $2,731/mo rent with a $1,522/mo payment to leave $836/mo cash flow. Total monthly income runs $2,731/mo, and annual cash flow reaches $10,031/yr on $103,063 cash to close. Return on cash invested measures 29.64% in year one, and rental yield registers 10.54% at a $310,900 basis. Equity gained on principal adds $2,006/yr, and annual property appreciation at 5% supports $85,896 by year five. Five-year ROI tracks 154.92% and total cumulative return in cash totals $159,662. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,731/mo property income relative to a $1,522/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.53 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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Nearby investment properties with comparable prices
Listed by: Alicia Neris • DeVoe Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294369