Charleston Plan, Nolen FarmGastoniaNC28056
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 Gastonia at Charleston Plan, Nolen Farm, Gastonia, NC, 28056 priced at $430,990 converts $3,005/mo rent into $379/mo cash flow after a $2,109/mo obligation. Total monthly income equals $3,005/mo, and annual cash flow totals $4,546/yr on $142,873 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 8.37% against a $430,990 entry. Equity gained on principal adds $2,781/yr, while 5% annual appreciation compiles into $119,075 by year five. Five-year ROI reaches 119.77% and total cumulative return in cash sums $171,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,005/mo property income covering a $2,109/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A 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: Tyler Hines - Charlotte South • D.R. Horton - Charlotte South
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A