914 Parkwood RdShelbyNC28150
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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 914 Parkwood Rd, Shelby, NC, 28150 earns $499/mo cash flow from $2,266/mo rent with a $1,419/mo payment. Total monthly income totals $2,266/mo, and annual cash flow totals $5,989/yr on $96,102 capital. ROI tracks 26.14% on current figures, and rental yield reads 9.38% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 136.16% and total cumulative return in cash sums $130,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,266/mo property income instead of your personal income.
Single Family
Built in 1973
0.39 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: Tracy Whisnant • RE/MAX Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322836