855 Nottingham Dr APT 65GastoniaNC28054
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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 855 Nottingham Dr APT 65, Gastonia, NC, 28054 uses $58,013 cash to close to unlock $3,504/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $1,359/mo, and a $857/mo payment keeps the spread at $292/mo. Purchase price stands at $175,000, and rental yield measures 9.32% with $1,359/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 135.11% and total cumulative return in cash records $78,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,359/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1976
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28054, Gastonia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,779 (100%) |
| Owner Occupied HU | 9,052 (48.2%) |
| Renter Occupied HU | 8,717 (46.4%) |
| Vacant Housing Units | 1,010 ( 5.4%) |
| Median Home Value | $270,652 |
| Average Home Value | $292,787 |
Housing Distribution
Address Breakdown
Residential
17,025
Single Family
14,663
Multi-Family
2,362
Businesses
1,476
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Listed by: Kelly DiRisio • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332279