106 E Gibbs StDallasNC28034
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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 Dallas at 106 E Gibbs St, Dallas, NC, 28034 uses $72,599 cash to close to unlock $1,274/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,441/mo, and a $1,072/mo payment keeps the spread at $106/mo. Purchase price stands at $219,000, and rental yield measures 7.9% with $1,441/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 112.2% and total cumulative return in cash records $81,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,441/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28034, Dallas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,751 (100%) |
| Owner Occupied HU | 5,909 (67.5%) |
| Renter Occupied HU | 2,315 (26.5%) |
| Vacant Housing Units | 527 ( 6.0%) |
| Median Home Value | $279,675 |
| Average Home Value | $318,208 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,784
Multi-Family
290
Businesses
495
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Listed by: Rhonda Norris • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4298003
Disclaimer: Based on information submitted to the MLS GRID as of 2025-09-03 08:33:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)