502 Meadowlark LnTryonNC28782
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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 Tryon at 502 Meadowlark Ln, Tryon, NC, 28782 generates $2,710/mo in rent and, after a $1,953/mo payment, leaves $278/mo in cash flow. Total monthly income is $2,710/mo, and annual cash flow is $3,338/yr on $132,269 invested. Return on cash invested sits at 22.43% in year one, and rental yield is 8.15% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 116.28% and total cumulative return in cash sums $153,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,710/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28782, Tryon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,164 (61.3%) |
| Renter Occupied HU | 699 (19.8%) |
| Vacant Housing Units | 670 (19.0%) |
| Median Home Value | $417,073 |
| Average Home Value | $467,884 |
Housing Distribution
Address Breakdown
Residential
3,199
Single Family
3,165
Multi-Family
34
Businesses
332
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Listed by: Roberta Heinrich • Walker, Wallace & Emerson Rlty
Mls Name: Greater Greenville AOR
Mls ID: #1568746