215 Humphrey BlvdGastoniaNC28052
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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
Rental property for sale in Gastonia at 215 Humphrey Blvd, Gastonia, NC, 28052 priced at $180,000 converts $1,466/mo rent into $369/mo cash flow after a $881/mo obligation. Total monthly income equals $1,466/mo, and annual cash flow totals $4,428/yr on $59,670 invested. Return on cash invested prints 27.33% in year one, and rental yield reads 9.77% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 142.47% and total cumulative return in cash sums $85,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,466/mo property income covering a $881/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
1.59 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: Chris Kurtz • C Shane Cook & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340484