136 Ridge Creek DrTroutmanNC28166
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
Investment property for sale in Troutman at 136 Ridge Creek Dr, Troutman, NC, 28166 at $289,900 posts ROI 27.65% with $620/mo cash flow from $2,387/mo rent. Total monthly income equals $2,387/mo, and annual cash flow records $7,441/yr on $96,102 to close. Return on cash invested measures 27.65% and rental yield reads 9.88% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 144.29% and total cumulative return in cash totals $138,669.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,387/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1996
1.25 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: Kimberly Peralta • EXP Realty LLC Rock Hill
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295595