305 Red Roan PlCharlotteNC28215
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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 305 Red Roan Pl, Charlotte, NC, 28215 with 5% annual appreciation on a $225,750 basis while $2,321/mo rent supports operations. Total monthly income totals $2,321/mo and a $1,105/mo payment preserves $945/mo for cash returns. Annual cash flow comes to $11,341/yr on $74,836 deployed, and return on cash invested reaches 35.06% in year one. Equity gained on principal adds $1,457/yr, and five-year appreciation sums $62,371 alongside rental yield of 12.34%. Five-year ROI measures 184.02% and total cumulative return in cash totals $137,716.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,321/mo property income versus a $1,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28215, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,250 (100%) |
| Owner Occupied HU | 17,222 (63.2%) |
| Renter Occupied HU | 8,804 (32.3%) |
| Vacant Housing Units | 1,224 ( 4.5%) |
| Median Home Value | $363,343 |
| Average Home Value | $415,494 |
Housing Distribution
Address Breakdown
Residential
26,529
Single Family
22,961
Multi-Family
3,568
Businesses
847
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Listed by: Mark Anthony • Carolina Homes Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321285