10205 Garrett Grigg RdCharlotteNC28262
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
Rental property for sale in Charlotte at 10205 Garrett Grigg Rd, Charlotte, NC, 28262 generates $2,556/mo in rent and, after a $1,517/mo payment, leaves $667/mo in cash flow. Total monthly income is $2,556/mo, and annual cash flow is $8,004/yr on $102,765 invested. Return on cash invested sits at 27.7% in year one, and rental yield is 9.89% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 144.46% and total cumulative return in cash sums $148,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,556/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Myrick • Salmark Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277791