1123 E Gaston StLincolntonNC28092
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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 Lincolnton at 1123 E Gaston St, Lincolnton, NC, 28092 uses $49,725 cash to close to unlock $3,192/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,180/mo, and a $734/mo payment keeps the spread at $266/mo. Purchase price stands at $150,000, and rental yield measures 9.44% with $1,180/mo rent. Return on cash invested shows 26.33% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 137.11% and total cumulative return in cash records $68,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,180/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Jake Meinberg • Costello Real Estate and Investments LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321383