1258 Cambridge StGastoniaNC28054
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 1258 Cambridge St, Gastonia, NC, 28054 uses $112,379 cash to close to unlock $4,322/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,659/mo payment keeps the spread at $360/mo. Purchase price stands at $339,000, and rental yield measures 8.59% with $2,426/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 123.38% and total cumulative return in cash records $138,652. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.34 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: Sheena Thomas • Southern Realty Partners LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319418