241 Howington 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
Rental property for sale in Shelby at 241 Howington St, Shelby, NC, 28152 priced at $549,900 pairs $2,398/mo rent with after a $2,691/mo payment. Total monthly income equals $2,398/mo. Return on cash invested is 13.74% in year one, and rental yield stands at 5.23% on a $549,900 basis. Equity gained on principal adds $3,548/yr, and 5% annual appreciation accumulates to $151,927 by year five. Five-year ROI measures 69.63% and total cumulative return in cash reaches $125,966. For financing, Ziffy Mortgage’s DSCR program evaluates $2,398/mo property income against a $2,691/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.77 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: Marvin Biddix • RE/MAX Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338141