11679 Red Rust LnCharlotteNC28277
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 11679 Red Rust Ln, Charlotte, NC, 28277 in Charlotte: $4,711/mo in rent, $723/mo in net income, 9.19% gross yield, 1.70 DSCR, all at $615,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $169,913 in appreciation and $5,664/yr in principal paydown projects total cumulative return of $294,926.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.5% |
| Monthly Cash Flow | $723 | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,711 |
| Total Monthly Debt Service | $3,503 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2019
N/A 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
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
Townhouse
Built in 2019
N/A 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: Xin Wang • ProStead Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4344060