2378 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
Rental property for sale in Gastonia at 2378 Old Field Rd, Gastonia, NC, 28056 generates $2,101/mo in rent and, after a $1,223/mo payment, leaves $578/mo in cash flow. Total monthly income is $2,101/mo, and annual cash flow is $6,937/yr on $82,842 invested. Return on cash invested sits at 28.28% in year one, and rental yield is 10.09% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 147.68% and total cumulative return in cash sums $122,342. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,101/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.37 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: #4337333