4026 Cheyney Park DrCharlotteNC28269
Nearby investment properties with comparable rents
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 4026 Cheyney Park Dr, Charlotte, NC, 28269 priced at $369,602 converts $2,514/mo rent into $54/mo cash flow after a $1,809/mo obligation. Total monthly income equals $2,514/mo, and annual cash flow totals $654/yr on $122,523 invested. Return on cash invested prints 20.44% in year one, and rental yield reads 8.16% against a $369,602 entry. Equity gained on principal adds $2,385/yr, while 5% annual appreciation compiles into $102,114 by year five. Five-year ROI reaches 106.32% and total cumulative return in cash sums $130,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $1,809/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
0.05 Acres lot
$N/A/sqft
$207 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Rivera • Mattamy Carolina Corporation
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4170897
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)