185 Calvin 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
Rental property for sale in Troutman at 185 Calvin Creek Dr, Troutman, NC, 28166 priced at $403,990 converts $3,004/mo rent into $542/mo cash flow after a $1,977/mo obligation. Total monthly income equals $3,004/mo, and annual cash flow totals $6,507/yr on $133,923 invested. Return on cash invested prints 24.77% in year one, and rental yield reads 8.92% against a $403,990 entry. Equity gained on principal adds $2,607/yr, while 5% annual appreciation compiles into $111,615 by year five. Five-year ROI reaches 128.79% and total cumulative return in cash sums $172,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,004/mo property income covering a $1,977/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa & Tricia - Online Concierge Team • D.R. Horton - Charlotte North
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A