1222 E Park DrGastoniaNC28054
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 1222 E Park Dr, Gastonia, NC, 28054 uses $65,969 cash to close to unlock $3,470/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,502/mo, and a $974/mo payment keeps the spread at $289/mo. Purchase price stands at $199,000, and rental yield measures 9.06% with $1,502/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 131% and total cumulative return in cash records $86,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,502/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ana Canales • Path Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298752