4377 Eastridge DrGastoniaNC28056
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 Gastonia at 4377 Eastridge Dr, Gastonia, NC, 28056 at $214,999 posts ROI 30.75% with $644/mo cash flow from $1,954/mo rent. Total monthly income equals $1,954/mo, and annual cash flow records $7,728/yr on $71,272 to close. Return on cash invested measures 30.75% and rental yield reads 10.91% at the current $214,999. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,400 by year five. Five-year ROI prints 160.83% and total cumulative return in cash totals $114,625.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,954/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
0.34 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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Nearby investment properties with comparable prices
Listed by: Jill Galliher • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4189816
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)