505 Lawndale DrGastonSC29053
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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 505 Lawndale Dr, Gaston, SC, 29053 offers $2,448/mo rent that, after a $1,390/mo payment, leaves $757/mo cash flow. Total monthly income is $2,448/mo, and annual cash flow is $9,089/yr on $94,146 cash. Return on cash invested measures 29.56% in year one, and rental yield stands at 10.34% at a $284,000 entry. Equity gained on principal adds $1,833/yr while 5% annual appreciation compounds into $78,464 by year five. Five-year ROI records 154.32% and total cumulative return in cash reaches $145,289. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,448/mo property income versus a $1,390/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.61 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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