510 S 12th StBessemer 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 510 S 12th St, Bessemer City, NC, 28016 uses $105,749 cash to close to unlock $842/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $2,014/mo, and a $1,561/mo payment keeps the spread at $70/mo. Purchase price stands at $319,000, and rental yield measures 7.58% with $2,014/mo rent. Return on cash invested shows 20.71% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 107.01% and total cumulative return in cash records $113,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,014/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
0.36 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: Craig Julian • Julian Appraisal Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334192