220 Cedarwood LnTroyNC27371
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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 Troy at 220 Cedarwood Ln, Troy, NC, 27371 generates $1,074/mo in rent, after a $979/mo payment. Total monthly income is $1,074/mo. Return on cash invested sits at 17.16% in year one, and rental yield is 6.44% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 87.99% and total cumulative return in cash sums $58,340. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,074/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
8,712 sqft lot
$N/A/sqft
$7 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27371, Troy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,937 (100%) |
| Owner Occupied HU | 2,294 (58.3%) |
| Renter Occupied HU | 884 (22.5%) |
| Vacant Housing Units | 759 (19.3%) |
| Median Home Value | $229,141 |
| Average Home Value | $279,677 |
Housing Distribution
Address Breakdown
Residential
3,131
Single Family
2,998
Multi-Family
133
Businesses
380
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Listed by: N/A • N/A
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