410 E Lee AveBessemer CityNC28016
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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 Bessemer City at 410 E Lee Ave, Bessemer City, NC, 28016 listed at $194,000 pairs $1,730/mo rent with a $950/mo payment to leave $547/mo cash flow. Total monthly income runs $1,730/mo, and annual cash flow reaches $6,566/yr on $64,311 cash to close. Return on cash invested measures 30.12% in year one, and rental yield registers 10.7% at a $194,000 basis. Equity gained on principal adds $1,252/yr, and annual property appreciation at 5% supports $53,599 by year five. Five-year ROI tracks 157.53% and total cumulative return in cash totals $101,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,730/mo property income relative to a $950/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
0.39 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: Rylie Sutherland • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288356