299 Hamptons Cove 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
Investment property for sale in Troutman at 299 Hamptons Cove Rd, Troutman, NC, 28166 uses $175,851 cash to close to unlock $11,155/yr annual cash flow and $930/mo monthly cash flow. Total monthly income runs $4,187/mo, and a $2,616/mo payment keeps the spread at $930/mo. Purchase price stands at $534,500, and rental yield measures 9.4% with $4,187/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $147,673 over five years. Five-year ROI reaches 137.52% and total cumulative return in cash records $241,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,187/mo property income covering a $2,616/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.21 Acres 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: Melissa Hinojosa • Lake Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306640