4003 Northerly Island CtGastoniaNC28056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4003 Northerly Island Ct, Gastonia, NC, 28056 earns $608/mo cash flow from $2,832/mo rent with a $1,786/mo payment. Total monthly income totals $2,832/mo, and annual cash flow totals $7,296/yr on $120,998 capital. ROI tracks 25.94% on current figures, and rental yield reads 9.31% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 135.04% and total cumulative return in cash sums $163,399. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,832/mo property income instead of your personal income.
Single Family
Built in 2016
0.16 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: Jake Bolin • Howard Hanna Allen Tate Gastonia
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307246