16410 Redstone Mountain LnCharlotteNC28277
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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 Charlotte at 16410 Redstone Mountain Ln, Charlotte, NC, 28277 generates $2,090/mo in rent and, after a $1,174/mo payment, leaves $628/mo in cash flow. Total monthly income is $2,090/mo, and annual cash flow is $7,537/yr on $79,527 invested. Return on cash invested sits at 29.39% in year one, and rental yield is 10.45% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 153.59% and total cumulative return in cash sums $122,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,090/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28277, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,769 (100%) |
| Owner Occupied HU | 19,073 (60.0%) |
| Renter Occupied HU | 11,197 (35.2%) |
| Vacant Housing Units | 1,499 ( 4.7%) |
| Median Home Value | $588,425 |
| Average Home Value | $647,277 |
Housing Distribution
Address Breakdown
Residential
31,868
Single Family
23,034
Multi-Family
8,834
Businesses
2,015
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Listed by: Don Holsclaw • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314283