294 Winford RdTroutmanNC28166
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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 294 Winford Rd, Troutman, NC, 28166 offers $2,907/mo rent that, after a $2,419/mo payment. Total monthly income is $2,907/mo. Return on cash invested measures 19.14% in year one, and rental yield stands at 7.06% at a $494,185 entry. Equity gained on principal adds $3,189/yr while 5% annual appreciation compounds into $136,534 by year five. Five-year ROI records 98.58% and total cumulative return in cash reaches $161,502. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,907/mo property income versus a $2,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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