242 Winford RdTroutmanNC28166
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 242 Winford Rd, Troutman, NC, 28166 earns $364/mo cash flow from $3,342/mo rent with a $2,392/mo payment. Total monthly income totals $3,342/mo, and annual cash flow totals $4,362/yr on $162,009 capital. ROI tracks 22.6% on current figures, and rental yield reads 8.21% at a $488,715 purchase. Equity gained on principal adds $3,154/yr, and 5% annual appreciation supports $135,023 over five years. Five-year ROI reaches 117.16% and total cumulative return in cash sums $189,809. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,342/mo property income instead of your 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
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Listed by: Fran Kunkle • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A