221 Meadowfield RdGastonSC29053
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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 Gaston at 221 Meadowfield Rd, Gaston, SC, 29053 listed at $149,999 pairs $1,204/mo rent with a $734/mo payment to leave $311/mo cash flow. Total monthly income runs $1,204/mo, and annual cash flow reaches $3,735/yr on $49,725 cash to close. Return on cash invested measures 27.42% in year one, and rental yield registers 9.63% at a $149,999 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 142.9% and total cumulative return in cash totals $71,058. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,204/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29053, Gaston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,596 (100%) |
| Owner Occupied HU | 5,933 (69.0%) |
| Renter Occupied HU | 1,655 (19.3%) |
| Vacant Housing Units | 1,008 (11.7%) |
| Median Home Value | $148,220 |
| Average Home Value | $204,003 |
Housing Distribution
Address Breakdown
Residential
8,024
Single Family
8,024
Multi-Family
0
Businesses
259
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Listed by: Jim D Sharpe • Sunset Chase Realty
Mls Name: Consolidated MLS
Mls ID: #620795