1212 Monroe DrGastoniaNC28054
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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 1212 Monroe Dr, Gastonia, NC, 28054 earns $366/mo cash flow from $2,164/mo rent with a $1,444/mo payment. Total monthly income totals $2,164/mo, and annual cash flow totals $4,392/yr on $97,793 capital. ROI tracks 24.4% on current figures, and rental yield reads 8.8% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 126.78% and total cumulative return in cash sums $123,986. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,164/mo property income instead of your personal income.
Single Family
Built in 1964
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28054, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,779 (100%) |
| Owner Occupied HU | 9,052 (48.2%) |
| Renter Occupied HU | 8,717 (46.4%) |
| Vacant Housing Units | 1,010 ( 5.4%) |
| Median Home Value | $270,652 |
| Average Home Value | $292,787 |
Housing Distribution
Address Breakdown
Residential
17,025
Single Family
14,663
Multi-Family
2,362
Businesses
1,476
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Listed by: Betsy Brown • Howard Hanna Allen Tate Gastonia
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4278340