1104 W Davidson 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
Investment property for sale in Gastonia at 1104 W Davidson Ave, Gastonia, NC, 28052 uses $41,438 cash to close to unlock $2,316/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $955/mo, and a $612/mo payment keeps the spread at $193/mo. Purchase price stands at $125,000, and rental yield measures 9.17% with $955/mo rent. Return on cash invested shows 25.5% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 132.67% and total cumulative return in cash records $54,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $955/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1930
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: Jake Meinberg • Costello Real Estate and Investments LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315160