6558 Covecreek DrCharlotteNC28215
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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 6558 Covecreek Dr, Charlotte, NC, 28215 priced at $339,900 pairs $2,161/mo rent with $89/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,161/mo, and annual cash flow comes to $1,069/yr on $112,677 invested. Return on cash invested is 20.86% in year one, and rental yield stands at 7.63% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 107.85% and total cumulative return in cash reaches $121,523. For financing, Ziffy Mortgage’s DSCR program evaluates $2,161/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28215, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,250 (100%) |
| Owner Occupied HU | 17,222 (63.2%) |
| Renter Occupied HU | 8,804 (32.3%) |
| Vacant Housing Units | 1,224 ( 4.5%) |
| Median Home Value | $363,343 |
| Average Home Value | $415,494 |
Housing Distribution
Address Breakdown
Residential
26,529
Single Family
22,961
Multi-Family
3,568
Businesses
847
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Listed by: Samuel Nueman • Nueman Real Estate Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321633