218 Bright AveBessemer 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
Rental property for sale in Bessemer City at 218 Bright Ave, Bessemer City, NC, 28016 offers $1,974/mo rent that, after a $1,356/mo payment, leaves $286/mo cash flow. Total monthly income is $1,974/mo, and annual cash flow is $3,427/yr on $91,826 cash. Return on cash invested measures 23.64% in year one, and rental yield stands at 8.55% at a $277,000 entry. Equity gained on principal adds $1,787/yr while 5% annual appreciation compounds into $76,530 by year five. Five-year ROI records 122.75% and total cumulative return in cash reaches $112,719. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,974/mo property income versus a $1,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.28 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: Oksana Ploshnik • OP Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307757