502 S Skyland DrBessemer 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 502 S Skyland Dr, Bessemer City, NC, 28016 listed at $334,900 pairs $2,189/mo rent with a $1,639/mo payment to leave $148/mo cash flow. Total monthly income runs $2,189/mo, and annual cash flow reaches $1,777/yr on $111,019 cash to close. Return on cash invested measures 21.51% in year one, and rental yield registers 7.84% at a $334,900 basis. Equity gained on principal adds $2,161/yr, and annual property appreciation at 5% supports $92,527 by year five. Five-year ROI tracks 111.34% and total cumulative return in cash totals $123,613. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,189/mo property income relative to a $1,639/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.26 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: Mario Castro • J & R Properties Cotswold LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314098