1616 Cole 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 1616 Cole St, Gastonia, NC, 28054 listed at $110,000 pairs $879/mo rent with a $538/mo payment to leave $209/mo cash flow. Total monthly income runs $879/mo, and annual cash flow reaches $2,508/yr on $36,465 cash to close. Return on cash invested measures 26.79% in year one, and rental yield registers 9.59% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 139.63% and total cumulative return in cash totals $50,916. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $879/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brad Blumer • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331803