437 Baker Mill Lake LnGastonSC29053
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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 Gaston at 437 Baker Mill Lake Ln, Gaston, SC, 29053 generates $2,134/mo in rent, after a $2,447/mo payment. Total monthly income is $2,134/mo. Return on cash invested sits at 13.81% in year one, and rental yield is 5.12% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 69.83% and total cumulative return in cash sums $115,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,134/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
1.74 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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Listed by: Sandy O'Konek • O'Konek Realty
Mls Name: Consolidated MLS
Mls ID: #613615