409 Gold StShelbyNC28150
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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 409 Gold St, Shelby, NC, 28150 priced at $225,000 converts $1,973/mo rent into $602/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,973/mo, and annual cash flow totals $7,224/yr on $74,588 invested. Return on cash invested prints 29.59% in year one, and rental yield reads 10.52% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 154.65% and total cumulative return in cash sums $115,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,973/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28150, Shelby, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,246 (100%) |
| Owner Occupied HU | 7,826 (59.1%) |
| Renter Occupied HU | 4,275 (32.3%) |
| Vacant Housing Units | 1,145 ( 8.6%) |
| Median Home Value | $268,013 |
| Average Home Value | $335,622 |
Housing Distribution
Address Breakdown
Residential
12,547
Single Family
12,328
Multi-Family
219
Businesses
953
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Listed by: Juan Restrepo • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295460