1240 Minter PlCharlotteNC28203
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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
Total monthly income runs $2,783/mo, and a $4,062/mo payment. Purchase price stands at $830,000, and rental yield measures 4.02% with $2,783/mo rent. Return on cash invested shows 10.06% in year one, and 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 49.88% and total cumulative return in cash records $136,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,783/mo property income covering a $4,062/mo payment rather than investor’s personal income.
Townhouse
Built in 2020
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
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Listed by: Julie Itskovska • Costello Real Estate and Investments LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316440