129 Astor StTroutmanNC28166
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 129 Astor St, Troutman, NC, 28166 priced at $339,999 converts $2,405/mo rent into $333/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,405/mo, and annual cash flow totals $3,996/yr on $112,710 invested. Return on cash invested prints 23.45% in year one, and rental yield reads 8.49% against a $339,999 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,935 by year five. Five-year ROI reaches 121.71% and total cumulative return in cash sums $137,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,405/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.20 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: Cheryl Pierce • Lennar Sales Corp
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4279370