840 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 840 W Garrison Blvd, Gastonia, NC, 28052 priced at $162,500 converts $1,936/mo rent into $918/mo cash flow after a $795/mo obligation. Total monthly income equals $1,936/mo, and annual cash flow totals $11,020/yr on $53,869 invested. Return on cash invested prints 40.37% in year one, and rental yield reads 14.3% against a $162,500 entry. Equity gained on principal adds $1,049/yr, while 5% annual appreciation compiles into $44,896 by year five. Five-year ROI reaches 212.71% and total cumulative return in cash sums $114,582. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,936/mo property income covering a $795/mo payment, not borrower’s personal income.
Single Family
Built in 1954
1.03 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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