502 Dunham RdGastoniaNC28054
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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 Gastonia at 502 Dunham Rd, Gastonia, NC, 28054 offers $2,004/mo rent that, after a $1,517/mo payment, leaves $115/mo cash flow. Total monthly income is $2,004/mo, and annual cash flow is $1,381/yr on $102,732 cash. Return on cash invested measures 21.25% in year one, and rental yield stands at 7.76% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 109.98% and total cumulative return in cash reaches $112,980. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,004/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28054, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,779 (100%) |
| Owner Occupied HU | 9,052 (48.2%) |
| Renter Occupied HU | 8,717 (46.4%) |
| Vacant Housing Units | 1,010 ( 5.4%) |
| Median Home Value | $270,652 |
| Average Home Value | $292,787 |
Housing Distribution
Address Breakdown
Residential
17,025
Single Family
14,663
Multi-Family
2,362
Businesses
1,476
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Listed by: Jimmy Poole • Oak and Willow Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309225