860 Hickory Hollow RdGastonNC27832
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
Rental property for sale in Gaston at 860 Hickory Hollow Rd, Gaston, NC, 27832 offers $1,756/mo rent that, after a $1,067/mo payment, leaves $427/mo cash flow. Total monthly income is $1,756/mo, and annual cash flow is $5,129/yr on $72,267 cash. Return on cash invested measures 27.01% in year one, and rental yield stands at 9.67% at a $218,000 entry. Equity gained on principal adds $1,407/yr while 5% annual appreciation compounds into $60,229 by year five. Five-year ROI records 140.8% and total cumulative return in cash reaches $101,755. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,756/mo property income versus a $1,067/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27832, Gaston, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 773 (56.8%) |
| Renter Occupied HU | 324 (23.8%) |
| Vacant Housing Units | 265 (19.5%) |
| Median Home Value | $99,833 |
| Average Home Value | $178,561 |
Housing Distribution
Address Breakdown
Residential
935
Single Family
935
Multi-Family
0
Businesses
81
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Nearby investment properties with comparable prices
Listed by: Linda Hedgepeth, SFR, ABR, CSSS • Lake Gaston Edge Realty
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139575
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.