106 Boonetown RdGatesNC27937
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 Gates at 106 Boonetown Rd, Gates, NC, 27937 priced at $269,900 converts $1,896/mo rent into $251/mo cash flow after a $1,321/mo obligation. Total monthly income equals $1,896/mo, and annual cash flow totals $3,013/yr on $89,472 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 8.43% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 120.82% and total cumulative return in cash sums $108,102. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,896/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Manufactured
Built in 2005
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27937, Gates, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,629 (100%) |
| Owner Occupied HU | 1,227 (75.3%) |
| Renter Occupied HU | 233 (14.3%) |
| Vacant Housing Units | 169 (10.4%) |
| Median Home Value | $181,424 |
| Average Home Value | $216,754 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,499
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Russell Bryant • Thrive Realty
Mls Name: REIN Inc.
Mls ID: #10610047