609 Buffalo 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 609 Buffalo St, Shelby, NC, 28150 listed at $250,000 pairs $1,536/mo rent with a $1,224/mo payment to leave $12/mo cash flow. Total monthly income runs $1,536/mo, and annual cash flow reaches $144/yr on $82,875 cash to close. Return on cash invested measures 20.08% in year one, and rental yield registers 7.37% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 103.64% and total cumulative return in cash totals $85,894. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,536/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.15 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: Vickie Spurling • Vickie Spurling Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328307