219 Freeland LnCharlotteNC28217
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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 219 Freeland Ln, Charlotte, NC, 28217 priced at $599,999 pairs $4,241/mo rent with $584/mo cash flow after a $2,937/mo payment. Total monthly income equals $4,241/mo, and annual cash flow comes to $7,008/yr on $197,400 invested. Return on cash invested is 23.61% in year one, and rental yield stands at 8.48% on a $599,999 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 122.52% and total cumulative return in cash reaches $241,859. For financing, Ziffy Mortgage’s DSCR program evaluates $4,241/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28217, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,244 (100%) |
| Owner Occupied HU | 4,437 (25.7%) |
| Renter Occupied HU | 11,138 (64.6%) |
| Vacant Housing Units | 1,669 ( 9.7%) |
| Median Home Value | $314,783 |
| Average Home Value | $421,853 |
Housing Distribution
Address Breakdown
Residential
14,065
Single Family
8,360
Multi-Family
5,705
Businesses
2,119
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Listed by: Brett Winter • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4293678