2949 Penninger CirCharlotteNC28262
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Nearby investment properties with comparable prices
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 2949 Penninger Cir, Charlotte, NC, 28262 priced at $343,990 pairs $2,244/mo rent with $147/mo cash flow after a $1,684/mo payment. Total monthly income equals $2,244/mo, and annual cash flow comes to $1,767/yr on $114,033 invested. Return on cash invested is 21.46% in year one, and rental yield stands at 7.83% on a $343,990 basis. Equity gained on principal adds $2,220/yr, and 5% annual appreciation accumulates to $95,038 by year five. Five-year ROI measures 111.06% and total cumulative return in cash reaches $126,647. For financing, Ziffy Mortgage’s DSCR program evaluates $2,244/mo property income against a $1,684/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Theresa, Tricia & Lyndsay- Online Concierge Team • D.R. Horton - Charlotte North
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A