508 Clegg StShelbyNC28150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 508 Clegg St, Shelby, NC, 28150 priced at $231,500 pairs $2,009/mo rent with $598/mo cash flow after a $1,133/mo payment. Total monthly income equals $2,009/mo, and annual cash flow comes to $7,178/yr on $76,742 invested. Return on cash invested is 29.26% in year one, and rental yield stands at 10.41% on a $231,500 basis. Equity gained on principal adds $1,494/yr, and 5% annual appreciation accumulates to $63,959 by year five. Five-year ROI measures 152.91% and total cumulative return in cash reaches $117,346. For financing, Ziffy Mortgage’s DSCR program evaluates $2,009/mo property income against a $1,133/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.26 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: Violet Arth • Coldwell Banker Mountain View
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315771