875 Us Highway 13 NGatesNC27937
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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
Investment property for sale in Gates at 875 Us Highway 13 N, Gates, NC, 27937 uses $77,903 cash to close to unlock $996/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,515/mo, and a $1,150/mo payment keeps the spread at $83/mo. Purchase price stands at $235,000, and rental yield measures 7.74% with $1,515/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 109.56% and total cumulative return in cash records $85,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,515/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1959
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
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Listed by: Gilbert Jenkins • KBL Companies, LLC
Mls Name: Hive MLS
Mls ID: #100546739