111 North AveTroutmanNC28166
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 Troutman at 111 North Ave, Troutman, NC, 28166 offers $1,436/mo rent that, after a $808/mo payment, leaves $430/mo cash flow. Total monthly income is $1,436/mo, and annual cash flow is $5,160/yr on $54,698 cash. Return on cash invested measures 29.34% in year one, and rental yield stands at 10.44% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 153.29% and total cumulative return in cash reaches $83,843. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,436/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28166, Troutman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,433 (100%) |
| Owner Occupied HU | 5,069 (78.8%) |
| Renter Occupied HU | 839 (13.0%) |
| Vacant Housing Units | 525 ( 8.2%) |
| Median Home Value | $391,722 |
| Average Home Value | $457,118 |
Housing Distribution
Address Breakdown
Residential
5,578
Single Family
5,577
Multi-Family
1
Businesses
393
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Listed by: Lori Kindle • Lake Norman Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327288