5620 Kingspan DrCharlotteNC28217
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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 5620 Kingspan Dr, Charlotte, NC, 28217 priced at $458,747 pairs $2,339/mo rent with after a $2,245/mo payment. Total monthly income equals $2,339/mo. Return on cash invested is 14.45% in year one, and rental yield stands at 6.12% on a $458,747 basis. Equity gained on principal adds $2,960/yr, and 5% annual appreciation accumulates to $126,743 by year five. Five-year ROI measures 74.14% and total cumulative return in cash reaches $112,744. For financing, Ziffy Mortgage’s DSCR program evaluates $2,339/mo property income against a $2,245/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
0.03 Acres lot
$N/A/sqft
$235 monthly 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: Mike Cummings • TRI Pointe Homes INC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4211280
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-22 12:23:51 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)