6322 Old Pineville Rd APT ECharlotteNC28217
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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 6322 Old Pineville Rd APT E, Charlotte, NC, 28217 priced at $200,000 converts $1,801/mo rent into $336/mo cash flow after a $979/mo obligation. Total monthly income equals $1,801/mo, and annual cash flow totals $4,032/yr on $66,300 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 10.81% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 136.93% and total cumulative return in cash sums $90,788. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,801/mo property income covering a $979/mo payment, not borrower’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$246 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: Amy Claugus-Babcock • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4223376
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-28 08:42:54 PDT. 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](/mls-disclaimers/#87)