12028 Grinstead LnCharlotteNC28278
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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 12028 Grinstead Ln, Charlotte, NC, 28278 uses $189,984 cash to close to unlock $6,085/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $4,026/mo, and a $2,826/mo payment keeps the spread at $507/mo. Purchase price stands at $577,460, and rental yield measures 8.37% with $4,026/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $159,542 over five years. Five-year ROI reaches 120.69% and total cumulative return in cash records $229,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,026/mo property income covering a $2,826/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28278, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,560 (100%) |
| Owner Occupied HU | 11,144 (67.3%) |
| Renter Occupied HU | 4,181 (25.2%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $516,060 |
| Average Home Value | $598,110 |
Housing Distribution
Address Breakdown
Residential
15,786
Single Family
13,840
Multi-Family
1,946
Businesses
560
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Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A