15035 Davis Trace DrMint HillNC28227
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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
Rental property for sale in Mint Hill at 15035 Davis Trace Dr, Mint Hill, NC, 28227 generates $6,588/mo in rent and, after a $4,870/mo payment, leaves $524/mo in cash flow. Total monthly income is $6,588/mo, and annual cash flow is $6,288/yr on $327,355 invested. Return on cash invested sits at 21.98% in year one, and rental yield is 7.95% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 113.79% and total cumulative return in cash sums $372,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,588/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28227, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,248 (100%) |
| Owner Occupied HU | 15,983 (68.7%) |
| Renter Occupied HU | 6,405 (27.6%) |
| Vacant Housing Units | 860 ( 3.7%) |
| Median Home Value | $399,436 |
| Average Home Value | $454,037 |
Housing Distribution
Address Breakdown
Residential
22,947
Single Family
19,993
Multi-Family
2,954
Businesses
1,371
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Listed by: Jennifer Ledford • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282469