6227 Castlecove RdCharlotteNC28278
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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 6227 Castlecove Rd, Charlotte, NC, 28278 priced at $599,000 converts $3,192/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,192/mo. Return on cash invested prints 17.27% in year one, and rental yield reads 6.39% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 88.53% and total cumulative return in cash sums $174,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,192/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.21 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: Rose Mun • Rose Mun Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333354