657 Echo Cove LnCharlotteNC28273
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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 657 Echo Cove Ln, Charlotte, NC, 28273 generates $2,261/mo in rent and, after a $1,224/mo payment, leaves $737/mo in cash flow. Total monthly income is $2,261/mo, and annual cash flow is $8,844/yr on $82,875 invested. Return on cash invested sits at 30.58% in year one, and rental yield is 10.85% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 159.94% and total cumulative return in cash sums $132,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,261/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.23 Acres lot
$N/A/sqft
No HOA
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Listed by: Mason Cossette • ProStead Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328556