570 Morrison Farm 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 570 Morrison Farm Rd, Troutman, NC, 28166 priced at $695,999 pairs $3,071/mo rent with after a $3,407/mo payment. Total monthly income equals $3,071/mo. Return on cash invested is 13.92% in year one, and rental yield stands at 5.29% on a $695,999 basis. Equity gained on principal adds $4,491/yr, and 5% annual appreciation accumulates to $192,292 by year five. Five-year ROI measures 70.58% and total cumulative return in cash reaches $161,612. For financing, Ziffy Mortgage’s DSCR program evaluates $3,071/mo property income against a $3,407/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
0.94 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: Donna Sintay • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331634