302 Hamptons Cove 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 302 Hamptons Cove Rd, Troutman, NC, 28166 uses $143,208 cash to close to unlock $51,599/yr annual cash flow and $4,300/mo monthly cash flow. Total monthly income runs $7,026/mo, and a $2,114/mo payment keeps the spread at $4,300/mo. Purchase price stands at $431,999, and rental yield measures 19.52% with $7,026/mo rent. Return on cash invested shows 55.94% in year one, and 5% annual appreciation builds toward $119,353 over five years. Five-year ROI reaches 296.2% and total cumulative return in cash records $424,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,026/mo property income covering a $2,114/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.45 Acres lot
$N/A/sqft
$281 quarterly 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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Nearby investment properties with comparable prices
Listed by: Cheryl Pierce • Lennar Sales Corp
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4186404
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)