1440 McIlroy RdCharlotteNC28212
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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 1440 McIlroy Rd, Charlotte, NC, 28212 earns $501/mo cash flow from $2,329/mo rent with a $1,468/mo payment. Total monthly income totals $2,329/mo, and annual cash flow totals $6,013/yr on $99,417 capital. ROI tracks 25.96% on current figures, and rental yield reads 9.32% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 135.2% and total cumulative return in cash sums $134,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,329/mo property income instead of your personal income.
Single Family
Built in 1972
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28212, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 5,433 (31.5%) |
| Renter Occupied HU | 10,841 (62.9%) |
| Vacant Housing Units | 973 ( 5.6%) |
| Median Home Value | $284,300 |
| Average Home Value | $367,819 |
Housing Distribution
Address Breakdown
Residential
16,615
Single Family
9,068
Multi-Family
7,547
Businesses
727
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Listed by: John Kluth • Countryside Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326886