224 Glencrest DrGastonSC29053
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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 Gaston at 224 Glencrest Dr, Gaston, SC, 29053 offers $986/mo rent that, after a $636/mo payment, leaves $148/mo cash flow. Total monthly income is $986/mo, and annual cash flow is $1,772/yr on $43,095 cash. Return on cash invested measures 24.02% in year one, and rental yield stands at 9.1% at a $129,999 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,916 by year five. Five-year ROI records 125.26% and total cumulative return in cash reaches $53,978. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $986/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2017
0.46 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: Nicholas Caughman • Caughman Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #601343
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC