620 River Oaks LnCharlotteNC28226
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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 620 River Oaks Ln, Charlotte, NC, 28226 priced at $690,000 pairs $4,260/mo rent with $55/mo cash flow after a $3,377/mo payment. Total monthly income equals $4,260/mo, and annual cash flow comes to $660/yr on $227,010 invested. Return on cash invested is 20.35% in year one, and rental yield stands at 7.41% on a $690,000 basis. Equity gained on principal adds $4,452/yr, and 5% annual appreciation accumulates to $190,634 by year five. Five-year ROI measures 105.04% and total cumulative return in cash reaches $238,448. For financing, Ziffy Mortgage’s DSCR program evaluates $4,260/mo property income against a $3,377/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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Listed by: Keven Chavez • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283968