1640 Backcreek LnGastoniaNC28054
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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 1640 Backcreek Ln, Gastonia, NC, 28054 uses $97,793 cash to close to unlock $4,896/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $2,206/mo, and a $1,444/mo payment keeps the spread at $408/mo. Purchase price stands at $295,000, and rental yield measures 8.97% with $2,206/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 129.55% and total cumulative return in cash records $126,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,206/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
0.07 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: Andrea Bradley • Holden Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301495