10219 Reindeer Way LnCharlotteNC28216
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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
Investment property for sale in Charlotte at 10219 Reindeer Way Ln, Charlotte, NC, 28216 earns $533/mo cash flow from $1,873/mo rent with a $1,076/mo payment. Total monthly income totals $1,873/mo, and annual cash flow totals $6,397/yr on $72,897 capital. ROI tracks 28.69% on current figures, and rental yield reads 10.22% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 149.84% and total cumulative return in cash sums $109,228. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,873/mo property income instead of your personal income.
Townhouse
Built in 2000
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Listed by: Calvin Cleveland • Cleve Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315738