Forsyth Plan, Falls Cove at Lake Norman : Falls Cove at Lake Norman - PhasTroutmanNC28166
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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
Total monthly income runs $3,252/mo, and annual cash flow reaches $4,061/yr on $158,457 cash to close. Return on cash invested measures 22.47% in year one, and rental yield registers 8.16% at a $477,999 basis. Equity gained on principal adds $3,084/yr, and annual property appreciation at 5% supports $132,062 by year five. Five-year ROI tracks 116.48% and total cumulative return in cash totals $184,572. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,252/mo property income relative to a $2,340/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A