803 Evening Shade LnGastoniaNC28052
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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
Investment property for sale in Gastonia at 803 Evening Shade Ln, Gastonia, NC, 28052 with 5% annual appreciation on a $224,900 basis while $1,678/mo rent supports operations. Total monthly income totals $1,678/mo and a $1,101/mo payment preserves $307/mo for cash returns. Annual cash flow comes to $3,685/yr on $74,554 deployed, and return on cash invested reaches 24.85% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 8.95%. Five-year ROI measures 129.3% and total cumulative return in cash totals $96,397.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,678/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.26 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: Sarah Sosebee • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280303