524 Mountain Meadows 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
Rental property for sale in Bessemer City at 524 Mountain Meadows Dr, Bessemer City, NC, 28016 priced at $217,199 pairs $1,928/mo rent with $604/mo cash flow after a $1,063/mo payment. Total monthly income equals $1,928/mo, and annual cash flow comes to $7,252/yr on $72,001 invested. Return on cash invested is 29.98% in year one, and rental yield stands at 10.65% on a $217,199 basis. Equity gained on principal adds $1,402/yr, and 5% annual appreciation accumulates to $60,008 by year five. Five-year ROI measures 156.76% and total cumulative return in cash reaches $112,868. For financing, Ziffy Mortgage’s DSCR program evaluates $1,928/mo property income against a $1,063/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1998
0.71 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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Nearby investment properties with comparable prices
Listed by: Ernie Wanner • Yancey Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4162130
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)