203 Trout StForest CityNC28043
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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 Forest City at 203 Trout St, Forest City, NC, 28043 offers $2,212/mo rent that, after a $1,145/mo payment, leaves $786/mo cash flow. Total monthly income is $2,212/mo, and annual cash flow is $9,434/yr on $77,571 cash. Return on cash invested measures 32.07% in year one, and rental yield stands at 11.34% at a $234,000 entry. Equity gained on principal adds $1,510/yr while 5% annual appreciation compounds into $64,650 by year five. Five-year ROI records 167.97% and total cumulative return in cash reaches $130,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,212/mo property income versus a $1,145/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Listed by: Angela West • Angela West Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330995