1139 Grays Mill RdCharlotteNC28215
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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 1139 Grays Mill Rd, Charlotte, NC, 28215 listed at $368,500 pairs $2,296/mo rent with a $1,804/mo payment to leave $50/mo cash flow. Total monthly income runs $2,296/mo, and annual cash flow reaches $598/yr on $122,158 cash to close. Return on cash invested measures 20.4% in year one, and rental yield registers 7.48% at a $368,500 basis. Equity gained on principal adds $2,378/yr, and annual property appreciation at 5% supports $101,810 by year five. Five-year ROI tracks 105.35% and total cumulative return in cash totals $128,690. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,296/mo property income relative to a $1,804/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2022
0.05 Acres 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: Jeff Welliver • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4296320