1116 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 1116 W Davidson Ave, Gastonia, NC, 28052 listed at $180,000 pairs $1,511/mo rent with a $881/mo payment to leave $414/mo cash flow. Total monthly income runs $1,511/mo, and annual cash flow reaches $4,968/yr on $59,670 cash to close. Return on cash invested measures 28.23% in year one, and rental yield registers 10.07% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 147.36% and total cumulative return in cash totals $87,929. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,511/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.35 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: Cheree Wilson • Better Homes and Gardens Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317708