661 Canoe Creek RdGastonNC27832
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 Gaston at 661 Canoe Creek Rd, Gaston, NC, 27832 priced at $365,000 pairs $2,582/mo rent with $358/mo cash flow after a $1,786/mo payment. Total monthly income equals $2,582/mo, and annual cash flow comes to $4,296/yr on $120,998 invested. Return on cash invested is 23.46% in year one, and rental yield stands at 8.49% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 121.74% and total cumulative return in cash reaches $147,307. For financing, Ziffy Mortgage’s DSCR program evaluates $2,582/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27832, Gaston, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 773 (56.8%) |
| Renter Occupied HU | 324 (23.8%) |
| Vacant Housing Units | 265 (19.5%) |
| Median Home Value | $99,833 |
| Average Home Value | $178,561 |
Housing Distribution
Address Breakdown
Residential
935
Single Family
935
Multi-Family
0
Businesses
81
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Nearby investment properties with comparable prices
Listed by: Kathryn Strickland Wrenn • The Pointe Realty Group (Littleton)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139058
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.