624 Cedar Grove DrGastoniaNC28056
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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 624 Cedar Grove Dr, Gastonia, NC, 28056 offers $2,052/mo rent that, after a $1,468/mo payment, leaves $224/mo cash flow. Total monthly income is $2,052/mo, and annual cash flow is $2,688/yr on $99,450 cash. Return on cash invested measures 22.61% in year one, and rental yield stands at 8.21% at a $299,999 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 117.2% and total cumulative return in cash reaches $116,556. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,052/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.32 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: Julie Bradley • Carolina Homes Connection, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319575