601 Rhyne Cir #BGastoniaNC28054
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
Rental property for sale in Gastonia at 601 Rhyne Cir #B, Gastonia, NC, 28054 offers $1,573/mo rent that, after a $1,027/mo payment, leaves $294/mo cash flow. Total monthly income is $1,573/mo, and annual cash flow is $3,529/yr on $69,582 cash. Return on cash invested measures 24.98% in year one, and rental yield stands at 8.99% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 129.98% and total cumulative return in cash reaches $90,440. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,573/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie Harrison • Team Thomas & Associates Realty Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311148