600 Richmond RdGastonSC29053
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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 Gaston at 600 Richmond Rd, Gaston, SC, 29053 uses $97,613 cash to close to unlock $4,252/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $2,107/mo, and a $1,441/mo payment keeps the spread at $354/mo. Purchase price stands at $294,459, and rental yield measures 8.59% with $2,107/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $81,354 over five years. Five-year ROI reaches 125.92% and total cumulative return in cash records $122,916. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,107/mo property income covering a $1,441/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.27 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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Listed by: Jeremy M Gould • Lennar Carolinas LLC
Mls Name: Consolidated MLS
Mls ID: #622272