2344 Old Field RdGastoniaNC28056
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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 Gastonia at 2344 Old Field Rd, Gastonia, NC, 28056 uses $78,731 cash to close to unlock $9,768/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $2,261/mo, and a $1,162/mo payment keeps the spread at $814/mo. Purchase price stands at $237,500, and rental yield measures 11.42% with $2,261/mo rent. Return on cash invested shows 32.32% in year one, and 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 169.24% and total cumulative return in cash records $133,245. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,261/mo property income covering a $1,162/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28056, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 11,772 (76.0%) |
| Renter Occupied HU | 2,994 (19.3%) |
| Vacant Housing Units | 731 ( 4.7%) |
| Median Home Value | $354,424 |
| Average Home Value | $398,898 |
Housing Distribution
Address Breakdown
Residential
14,585
Single Family
14,276
Multi-Family
309
Businesses
665
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Listed by: Buddy Harper • Buddy Harper Team Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337330