319 Olin Rikard RdGastonSC29053
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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 319 Olin Rikard Rd, Gaston, SC, 29053 offers $1,199/mo rent that, after a $734/mo payment, leaves $128/mo cash flow. Total monthly income is $1,199/mo, and annual cash flow is $1,539/yr on $49,692 cash. Return on cash invested measures 23.01% in year one, and rental yield stands at 9.6% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 120.77% and total cumulative return in cash reaches $60,011. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,199/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
0.52 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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Nearby investment properties with comparable prices
Listed by: Andy D Bedenbaugh • Shealy Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #606373
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC