1924 Old Ormand LnBessemer CityNC28016
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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 Bessemer City at 1924 Old Ormand Ln, Bessemer City, NC, 28016 offers a 4.75% rental yield on a $377,529 purchase with $1,494/mo rent. 17% in year one. Equity gained on principal adds $2,436/yr while 5% annual appreciation supports $104,304 over five years. Portfolio math shows five-year ROI at 61.2% and total cumulative return in cash at $76,589. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,494/mo property income against a $1,848/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28016, Bessemer City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,831 (62.2%) |
| Renter Occupied HU | 1,793 (29.1%) |
| Vacant Housing Units | 535 ( 8.7%) |
| Median Home Value | $248,734 |
| Average Home Value | $320,265 |
Housing Distribution
Address Breakdown
Residential
5,725
Single Family
5,675
Multi-Family
50
Businesses
306
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Listed by: Cheryl Pierce • Lennar Sales Corp
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327113