11034 Running Ridge RdCharlotteNC28226
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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 11034 Running Ridge Rd, Charlotte, NC, 28226 uses $54,698 cash to close to unlock $6,420/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $1,541/mo, and a $808/mo payment keeps the spread at $535/mo. Purchase price stands at $165,000, and rental yield measures 11.21% with $1,541/mo rent. Return on cash invested shows 31.65% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 165.66% and total cumulative return in cash records $90,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,541/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1983
0.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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Listed by: Fallon Rios • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289371