232 E Gold StNew LondonNC28127
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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 New London at 232 E Gold St, New London, NC, 28127 listed at $350,000 pairs $2,429/mo rent with a $1,713/mo payment to leave $296/mo cash flow. Total monthly income runs $2,429/mo, and annual cash flow reaches $3,552/yr on $116,025 cash to close. Return on cash invested measures 22.97% in year one, and rental yield registers 8.33% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 119.12% and total cumulative return in cash totals $138,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,429/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28127, New London, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,437 (52.0%) |
| Renter Occupied HU | 506 (10.8%) |
| Vacant Housing Units | 1,748 (37.3%) |
| Median Home Value | $317,462 |
| Average Home Value | $393,053 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,344
Multi-Family
0
Businesses
132
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Nearby investment properties with comparable prices
Listed by: Sharon Fraley • Shelton Real Estate Center LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309607