328 Middle Swamp RdGatesNC27937
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Gates rental at 328 Middle Swamp Rd, Gates, NC, 27937 sits in the solid-income band: 9.89% gross yield, $1,937/mo rent, $505/mo net after the $1,057/mo debt service, DSCR 1.83. Entry price of $235,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $64,926 and $2,164/yr in principal reduction bring total cumulative return to $121,484.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $505 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,937 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dusty Thayer • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10606673