10630 Northwoods Forest DrCharlotteNC28214
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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 10630 Northwoods Forest Dr, Charlotte, NC, 28214 uses $118,346 cash to close to unlock $3,679/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $1,747/mo payment keeps the spread at $307/mo. Purchase price stands at $357,000, and rental yield measures 8.34% with $2,482/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $98,633 over five years. Five-year ROI reaches 119.4% and total cumulative return in cash records $141,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $1,747/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Pamela Gordon • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326033