119 Moore DrGastoniaNC28056
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 119 Moore Dr, Gastonia, NC, 28056 offers $1,927/mo rent that, after a $1,328/mo payment, leaves $273/mo cash flow. Total monthly income is $1,927/mo, and annual cash flow is $3,280/yr on $89,958 cash. Return on cash invested measures 23.56% in year one, and rental yield stands at 8.52% at a $271,365 entry. Equity gained on principal adds $1,751/yr while 5% annual appreciation compounds into $74,973 by year five. Five-year ROI records 122.28% and total cumulative return in cash reaches $110,002. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,927/mo property income versus a $1,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Young • Better Homes and Garden Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332115