2009 Hickory Grove RdGastoniaNC28056
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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 2009 Hickory Grove Rd, Gastonia, NC, 28056 with 5% annual appreciation on a $320,000 basis while $2,099/mo rent supports operations. Total monthly income totals $2,099/mo and a $1,566/mo payment preserves $149/mo for cash returns. Annual cash flow comes to $1,788/yr on $106,080 deployed, and return on cash invested reaches 21.59% in year one. Equity gained on principal adds $2,065/yr, and five-year appreciation sums $88,410 alongside rental yield of 7.87%. Five-year ROI measures 111.74% and total cumulative return in cash totals $118,539.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,099/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28056, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 11,772 (76.0%) |
| Renter Occupied HU | 2,994 (19.3%) |
| Vacant Housing Units | 731 ( 4.7%) |
| Median Home Value | $354,424 |
| Average Home Value | $398,898 |
Housing Distribution
Address Breakdown
Residential
14,585
Single Family
14,276
Multi-Family
309
Businesses
665
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Listed by: Whitney Hunt-Sailors • Opendoor Brokerage LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328472