306 Costner DrBessemer CityNC28016
Nearby investment properties with comparable rents
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
Investment property for sale in Bessemer City at 306 Costner Dr, Bessemer City, NC, 28016 at $275,000 posts ROI 23.04% with $238/mo cash flow from $1,914/mo rent. Total monthly income equals $1,914/mo, and annual cash flow records $2,856/yr on $91,163 to close. Return on cash invested measures 23.04% and rental yield reads 8.35% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 119.5% and total cumulative return in cash totals $108,935.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,914/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
0.34 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: Justin Huitt • Huitt Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336458