3018 Delano PlShelbyNC28152
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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 3018 Delano Pl, Shelby, NC, 28152 uses $74,588 cash to close to unlock $6,420/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $1,906/mo, and a $1,101/mo payment keeps the spread at $535/mo. Purchase price stands at $225,000, and rental yield measures 10.17% with $1,906/mo rent. Return on cash invested shows 28.52% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 148.86% and total cumulative return in cash records $111,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,906/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.54 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: Nolan Raby • Coldwell Banker Carver-Pressley, Realtors
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295477