12900 Walking Stick DrCharlotteNC28278
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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 12900 Walking Stick Dr, Charlotte, NC, 28278 earns $156/mo cash flow from $2,718/mo rent with a $2,029/mo payment. Total monthly income totals $2,718/mo, and annual cash flow totals $1,869/yr on $137,407 capital. ROI tracks 21.27% on current figures, and rental yield reads 7.87% at a $414,500 purchase. Equity gained on principal adds $2,675/yr, and 5% annual appreciation supports $114,519 over five years. Five-year ROI reaches 110.12% and total cumulative return in cash sums $151,316. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,718/mo property income instead of your personal income.
Single Family
Built in 2006
0.17 Acres lot
$N/A/sqft
$430 annually 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: Maren Brisson • Corcoran HM Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4170110
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)