417 W Graham 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 417 W Graham St, Shelby, NC, 28150 priced at $170,000 converts $1,255/mo rent into $219/mo cash flow after a $832/mo obligation. Total monthly income equals $1,255/mo, and annual cash flow totals $2,628/yr on $56,355 invested. Return on cash invested prints 24.57% in year one, and rental yield reads 8.86% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 127.69% and total cumulative return in cash sums $71,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,255/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.18 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: Barbara McLarty • Howard Hanna Allen Tate Shelby
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311228