123 Farmview StGastoniaNC28054
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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 123 Farmview St, Gastonia, NC, 28054 offers $1,554/mo rent that, after a $844/mo payment, leaves $503/mo cash flow. Total monthly income is $1,554/mo, and annual cash flow is $6,036/yr on $57,184 cash. Return on cash invested measures 30.46% in year one, and rental yield stands at 10.81% at a $172,500 entry. Equity gained on principal adds $1,113/yr while 5% annual appreciation compounds into $47,659 by year five. Five-year ROI records 159.3% and total cumulative return in cash reaches $91,094. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,554/mo property income versus a $844/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.13 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: Jenny Rodriguez • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4270483