305 S Gaston 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 305 S Gaston St, Dallas, NC, 28034 offers a 9.02% rental yield on a $215,000 purchase with $1,616/mo rent. Total monthly income registers $1,616/mo, and a $1,052/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,672/yr on $71,273 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 130.34% and total cumulative return in cash at $92,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,616/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.35 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: Phillip Stroup • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327472