508 N Apple StGastoniaNC28054
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 508 N Apple St, Gastonia, NC, 28054 earns $148/mo cash flow from $1,544/mo rent with a $1,121/mo payment. Total monthly income totals $1,544/mo, and annual cash flow totals $1,778/yr on $75,914 capital. ROI tracks 22.25% on current figures, and rental yield reads 8.09% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 115.34% and total cumulative return in cash sums $87,557. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,544/mo property income instead of your personal income.
Single Family
Built in 1930
0.14 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: Michele Stephens • Fernbank Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336965