1607 Florida StGastoniaNC28052
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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 1607 Florida St, Gastonia, NC, 28052 uses $103,594 cash to close to unlock $2,100/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $2,080/mo, and a $1,530/mo payment keeps the spread at $175/mo. Purchase price stands at $312,500, and rental yield measures 7.99% with $2,080/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $86,338 over five years. Five-year ROI reaches 113.58% and total cumulative return in cash records $117,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,080/mo property income covering a $1,530/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28052, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,705 (100%) |
| Owner Occupied HU | 7,782 (49.6%) |
| Renter Occupied HU | 6,479 (41.3%) |
| Vacant Housing Units | 1,444 ( 9.2%) |
| Median Home Value | $219,340 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
14,504
Single Family
13,848
Multi-Family
656
Businesses
1,075
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Listed by: Thomas Brown • Linda Strickland Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322528