2138 Preakness CtCharlotteNC28273
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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 2138 Preakness Ct, Charlotte, NC, 28273 uses $92,654 cash to close to unlock $8,059/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,368/mo payment keeps the spread at $672/mo. Purchase price stands at $279,500, and rental yield measures 10.2% with $2,375/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $77,221 over five years. Five-year ROI reaches 149.36% and total cumulative return in cash records $138,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,368/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
0.04 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Lisa Satterfield • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333689