6416 Baltray 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 6416 Baltray Rd, Charlotte, NC, 28278 generates $3,104/mo in rent and, after a $2,374/mo payment, leaves $148/mo in cash flow. Total monthly income is $3,104/mo, and annual cash flow is $1,776/yr on $160,778 invested. Return on cash invested sits at 21.01% in year one, and rental yield is 7.68% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 108.63% and total cumulative return in cash sums $174,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,104/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.19 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: Joseph Tartaglia • Redfin Corporation
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328378