607 Blythe StShelbyNC28152
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 607 Blythe St, Shelby, NC, 28152 offers $1,261/mo rent that, after a $930/mo payment, leaves $103/mo cash flow. Total monthly income is $1,261/mo, and annual cash flow is $1,236/yr on $62,985 cash. Return on cash invested measures 21.87% in year one, and rental yield stands at 7.96% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 113.23% and total cumulative return in cash reaches $71,316. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,261/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.28 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: Kyna Barnes • Jennings Real Estate Group, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316629