10915 Fox Mill LnCharlotteNC28277
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
Investment property for sale in Charlotte at 10915 Fox Mill Ln, Charlotte, NC, 28277 listed at $350,000 pairs $2,848/mo rent with a $1,713/mo payment to leave $715/mo cash flow. Total monthly income runs $2,848/mo, and annual cash flow reaches $8,580/yr on $116,025 cash to close. Return on cash invested measures 27.3% in year one, and rental yield registers 9.76% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 142.37% and total cumulative return in cash totals $165,182. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,848/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28277, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,769 (100%) |
| Owner Occupied HU | 19,073 (60.0%) |
| Renter Occupied HU | 11,197 (35.2%) |
| Vacant Housing Units | 1,499 ( 4.7%) |
| Median Home Value | $588,425 |
| Average Home Value | $647,277 |
Housing Distribution
Address Breakdown
Residential
31,868
Single Family
23,034
Multi-Family
8,834
Businesses
2,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Rapp • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340469