142 Way Cross LnTroutmanNC28166
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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
Rental property for sale in Troutman at 142 Way Cross Ln, Troutman, NC, 28166 priced at $414,190 converts $2,833/mo rent into $309/mo cash flow after a $2,027/mo obligation. Total monthly income equals $2,833/mo, and annual cash flow totals $3,708/yr on $137,304 invested. Return on cash invested prints 22.61% in year one, and rental yield reads 8.21% against a $414,190 entry. Equity gained on principal adds $2,673/yr, while 5% annual appreciation compiles into $114,433 by year five. Five-year ROI reaches 117.19% and total cumulative return in cash sums $160,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,833/mo property income covering a $2,027/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.19 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: Maria Wilhelm • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299550