Shelby · Shelby, NC
1006 Gum Street
Shelby, NC · 720 sqft
$155,000
- 3Beds
- 2Baths
- 720SqFt
- 1952Year
- 1Days on market
About this home
Prime Investment Opportunity | Tenant-Occupied Turnkey Gem
Calling all investors! Looking for a seamless investment with immediate cash flow? This 3-bedroom, 2-bathroom home offers a "plug-and-play" opportunity for the savvy investor. Currently tenant-occupied, this property allows you to skip the renovation headaches and vacancy periods, earning rental income from day one.
Situated in a high-demand pocket of Shelby, this home is minutes away from Downtown and has quick access to local highways.
Property Highlights Spacious Layout: A versatile 3BR/2BA floor plan that appeals to a wide range of renters.
Proven Track Record: Reliable income stream with a tenant already in place.
Low Maintenance: Positioned as a sturdy, long-term hold in a growing market.
Investor Note: Properties in this price point and proximity to the city center are moving fast. Capitalize on the growth of Shelby and secure your next asset today.
Property details
- Beds
- 3
- Baths
- 2
- SqFt
- 720
- Lot
- —
- Year built
- 1952
- Type
- Single Family
- Days on market
- 1
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,140/ month
- Principal & interest
- $959
- Property tax (~1.05%)
- $135
- Homeowners insurance
- $45
- HOA dues
- —
Down payment
$7,750 down · $147,250 financed
Income to qualify (28% rule)
~$48,891 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.