328 Middle Swamp RdGatesNC27937
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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 328 Middle Swamp Rd, Gates, NC, 27937 priced at $235,000 pairs $1,937/mo rent with $505/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,937/mo, and annual cash flow comes to $6,060/yr on $77,903 invested. Return on cash invested is 27.69% in year one, and rental yield stands at 9.89% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 144.43% and total cumulative return in cash reaches $112,516. For financing, Ziffy Mortgage’s DSCR program evaluates $1,937/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1992
N/A 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
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Listed by: Dusty Thayer • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10606673