5656 Tipperlinn Way UNIT 64CharlotteNC28278
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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 5656 Tipperlinn Way UNIT 64, Charlotte, NC, 28278 offers a 9.6% rental yield on a $365,900 purchase with $2,928/mo rent. Total monthly income registers $2,928/mo, and a $1,791/mo payment leaves $698/mo available for distribution. Annual cash flow reaches $8,375/yr on $121,296 to close, and return on cash invested stands at 26.81% in year one. Equity gained on principal adds $2,361/yr while 5% annual appreciation supports $101,091 over five years. Portfolio math shows five-year ROI at 139.73% and total cumulative return in cash at $169,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,928/mo property income against a $1,791/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28278, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,560 (100%) |
| Owner Occupied HU | 11,144 (67.3%) |
| Renter Occupied HU | 4,181 (25.2%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $516,060 |
| Average Home Value | $598,110 |
Housing Distribution
Address Breakdown
Residential
15,786
Single Family
13,840
Multi-Family
1,946
Businesses
560
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Listed by: Cherie Burris • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290891