12318 Hennigan Place LnCharlotteNC28214
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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 12318 Hennigan Place Ln, Charlotte, NC, 28214 uses $74,588 cash to close to unlock $4,260/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,726/mo, and a $1,101/mo payment keeps the spread at $355/mo. Purchase price stands at $225,000, and rental yield measures 9.21% with $1,726/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash records $99,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,726/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Ana Sturt • NextHome Choice Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319980