605 Oakley 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
Investment property for sale in Shelby at 605 Oakley St, Shelby, NC, 28150 with 5% annual appreciation on a $140,000 basis while $1,310/mo rent supports operations. Total monthly income totals $1,310/mo and a $685/mo payment preserves $457/mo for cash returns. Annual cash flow comes to $5,484/yr on $46,410 deployed, and return on cash invested reaches 31.73% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 11.23%. Five-year ROI measures 166.05% and total cumulative return in cash totals $77,062.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,310/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.51 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: Savannah Tucker • Coldwell Banker Mountain View
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318948