101 Citation LnGastoniaNC28056
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 101 Citation Ln, Gastonia, NC, 28056 priced at $535,000 pairs $2,994/mo rent with after a $2,619/mo payment. Total monthly income equals $2,994/mo. Return on cash invested is 18.24% in year one, and rental yield stands at 6.72% on a $535,000 basis. Equity gained on principal adds $3,452/yr, and 5% annual appreciation accumulates to $147,811 by year five. Five-year ROI measures 93.73% and total cumulative return in cash reaches $164,980. For financing, Ziffy Mortgage’s DSCR program evaluates $2,994/mo property income against a $2,619/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28056, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 11,772 (76.0%) |
| Renter Occupied HU | 2,994 (19.3%) |
| Vacant Housing Units | 731 ( 4.7%) |
| Median Home Value | $354,424 |
| Average Home Value | $398,898 |
Housing Distribution
Address Breakdown
Residential
14,585
Single Family
14,276
Multi-Family
309
Businesses
665
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Nearby investment properties with comparable prices
Listed by: Sandy McAlpine • RE/MAX Results
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4279144