515 Broad StShelbyNC28152
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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
Investment property for sale in Shelby at 515 Broad St, Shelby, NC, 28152 with 5% annual appreciation on a $179,999 basis while $1,780/mo rent supports operations. Total monthly income totals $1,780/mo and a $881/mo payment preserves $683/mo for cash returns. Annual cash flow comes to $8,196/yr on $59,670 deployed, and return on cash invested reaches 33.64% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,730 alongside rental yield of 11.87%. Five-year ROI measures 176.38% and total cumulative return in cash totals $105,244.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,780/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
0.40 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: Juan Restrepo • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4303465