6232 Chavel LnCharlotteNC28269
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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 6232 Chavel Ln, Charlotte, NC, 28269 generates $3,364/mo in rent and, after a $2,545/mo payment, leaves $195/mo in cash flow. Total monthly income is $3,364/mo, and annual cash flow is $2,340/yr on $171,080 invested. Return on cash invested sits at 21.43% in year one, and rental yield is 7.76% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 110.82% and total cumulative return in cash sums $189,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,364/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Roshan Bhula • Bhula Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317430