602 Green Chapman RdGastoniaNC28056
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 602 Green Chapman Rd, Gastonia, NC, 28056 priced at $150,000 pairs $1,327/mo rent with $413/mo cash flow after a $734/mo payment. Total monthly income equals $1,327/mo, and annual cash flow comes to $4,956/yr on $49,725 invested. Return on cash invested is 29.88% in year one, and rental yield stands at 10.62% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 156.15% and total cumulative return in cash reaches $77,646. For financing, Ziffy Mortgage’s DSCR program evaluates $1,327/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28056, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 11,772 (76.0%) |
| Renter Occupied HU | 2,994 (19.3%) |
| Vacant Housing Units | 731 ( 4.7%) |
| Median Home Value | $354,424 |
| Average Home Value | $398,898 |
Housing Distribution
Address Breakdown
Residential
14,585
Single Family
14,276
Multi-Family
309
Businesses
665
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Listed by: Rosa Marsh • Northstar Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311889