11959 Ridgeway Park DrCharlotteNC28277
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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
Rental property for sale in Charlotte at 11959 Ridgeway Park Dr, Charlotte, NC, 28277 generates $2,128/mo in rent and, after a $1,311/mo payment, leaves $496/mo in cash flow. Total monthly income is $2,128/mo, and annual cash flow is $5,946/yr on $88,809 invested. Return on cash invested sits at 26.6% in year one, and rental yield is 9.53% on a $267,900 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation builds toward $74,016 over five years. Five-year ROI reaches 138.64% and total cumulative return in cash sums $123,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,128/mo property income rather than buyer’s personal income.
Condo
Built in 2004
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
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Listed by: Nick Hill • Howard Hanna Allen Tate Southpark
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299756