103 S Cardinal DrTroyNC27371
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 Troy at 103 S Cardinal Dr, Troy, NC, 27371 offers $1,080/mo rent that, after a $585/mo payment, leaves $352/mo cash flow. Total monthly income is $1,080/mo, and annual cash flow is $4,219/yr on $39,614 cash. Return on cash invested measures 30.56% in year one, and rental yield stands at 10.85% at a $119,500 entry. Equity gained on principal adds $771/yr while 5% annual appreciation compounds into $33,016 by year five. Five-year ROI records 159.87% and total cumulative return in cash reaches $63,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $585/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27371, Troy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,937 (100%) |
| Owner Occupied HU | 2,294 (58.3%) |
| Renter Occupied HU | 884 (22.5%) |
| Vacant Housing Units | 759 (19.3%) |
| Median Home Value | $229,141 |
| Average Home Value | $279,677 |
Housing Distribution
Address Breakdown
Residential
3,131
Single Family
2,998
Multi-Family
133
Businesses
380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Rufty • TMR Realty, Inc.
Mls Name: Triad MLS
Mls ID: #1204716