10862 Holly Ridge BlvdCharlotteNC28216
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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 10862 Holly Ridge Blvd, Charlotte, NC, 28216 listed at $299,990 pairs $2,250/mo rent with a $1,468/mo payment to leave $422/mo cash flow. Total monthly income runs $2,250/mo, and annual cash flow reaches $5,064/yr on $99,447 cash to close. Return on cash invested measures 25% in year one, and rental yield registers 9% at a $299,990 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,882 by year five. Five-year ROI tracks 130.08% and total cumulative return in cash totals $129,357. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,250/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2005
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: Tony Jenkins • Kingdom Builders Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294565