602 W Garrison BlvdGastoniaNC28052
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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 Gastonia at 602 W Garrison Blvd, Gastonia, NC, 28052 priced at $189,900 pairs $1,530/mo rent with $373/mo cash flow after a $929/mo payment. Total monthly income equals $1,530/mo, and annual cash flow comes to $4,477/yr on $62,952 invested. Return on cash invested is 27.02% in year one, and rental yield stands at 9.67% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 140.93% and total cumulative return in cash reaches $88,721. For financing, Ziffy Mortgage’s DSCR program evaluates $1,530/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28052, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,705 (100%) |
| Owner Occupied HU | 7,782 (49.6%) |
| Renter Occupied HU | 6,479 (41.3%) |
| Vacant Housing Units | 1,444 ( 9.2%) |
| Median Home Value | $219,340 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
14,504
Single Family
13,848
Multi-Family
656
Businesses
1,075
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Listed by: Jane McCoy • Dalton Wade, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301938