4113 Summit Woods DrCharlotteNC28216
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
Investment property for sale in Charlotte at 4113 Summit Woods Dr, Charlotte, NC, 28216 offers a 8.07% rental yield on a $331,800 purchase with $2,231/mo rent. Total monthly income registers $2,231/mo, and a $1,624/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,506/yr on $109,992 to close, and return on cash invested stands at 22.19% in year one. Equity gained on principal adds $2,141/yr while 5% annual appreciation supports $91,670 over five years. Portfolio math shows five-year ROI at 114.94% and total cumulative return in cash at $126,420. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,231/mo property income against a $1,624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danny Mullen • Lifestyle International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301314