409 W Norment AveGastoniaNC28052
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 409 W Norment Ave, Gastonia, NC, 28052 at $170,000 posts ROI 29.38% with $445/mo cash flow from $1,481/mo rent. Total monthly income equals $1,481/mo, and annual cash flow records $5,340/yr on $56,355 to close. Return on cash invested measures 29.38% and rental yield reads 10.45% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 153.5% and total cumulative return in cash totals $86,505.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,481/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
0.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28052, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,705 (100%) |
| Owner Occupied HU | 7,782 (49.6%) |
| Renter Occupied HU | 6,479 (41.3%) |
| Vacant Housing Units | 1,444 ( 9.2%) |
| Median Home Value | $219,340 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
14,504
Single Family
13,848
Multi-Family
656
Businesses
1,075
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Listed by: Shawn Gerald • Lifestyle International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4275389