1109 Triece LnCharlotteNC28215
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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 1109 Triece Ln, Charlotte, NC, 28215 earns $428/mo cash flow from $1,946/mo rent with a $1,219/mo payment. Total monthly income totals $1,946/mo, and annual cash flow totals $5,138/yr on $82,544 capital. ROI tracks 26.13% on current figures, and rental yield reads 9.38% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 136.16% and total cumulative return in cash sums $112,388. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,946/mo property income instead of your personal income.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28215, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,250 (100%) |
| Owner Occupied HU | 17,222 (63.2%) |
| Renter Occupied HU | 8,804 (32.3%) |
| Vacant Housing Units | 1,224 ( 4.5%) |
| Median Home Value | $363,343 |
| Average Home Value | $415,494 |
Housing Distribution
Address Breakdown
Residential
26,529
Single Family
22,961
Multi-Family
3,568
Businesses
847
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Listed by: Olga Leggett • K2 Real Estate Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334599