1002 W 2nd AveGastoniaNC28052
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 Gastonia at 1002 W 2nd Ave, Gastonia, NC, 28052 generates $1,784/mo in rent and, after a $1,282/mo payment, leaves $188/mo in cash flow. Total monthly income is $1,784/mo, and annual cash flow is $2,251/yr on $86,853 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.17% on a $262,000 entry. Equity gained on principal adds $1,691/yr, while 5% annual appreciation builds toward $72,386 over five years. Five-year ROI reaches 116.62% and total cumulative return in cash sums $101,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,784/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28052, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,705 (100%) |
| Owner Occupied HU | 7,782 (49.6%) |
| Renter Occupied HU | 6,479 (41.3%) |
| Vacant Housing Units | 1,444 ( 9.2%) |
| Median Home Value | $219,340 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
14,504
Single Family
13,848
Multi-Family
656
Businesses
1,075
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Catron • Dickens Mitchener & Associates Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283722