7010 Hodges Meadow LnCharlotteNC28213
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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
Investment property for sale in Charlotte at 7010 Hodges Meadow Ln, Charlotte, NC, 28213 listed at $349,990 pairs $2,220/mo rent with a $1,713/mo payment to leave $87/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $1,044/yr on $116,022 cash to close. Return on cash invested measures 20.81% in year one, and rental yield registers 7.61% at a $349,990 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,696 by year five. Five-year ROI tracks 107.59% and total cumulative return in cash totals $124,823. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: N/A • Mattamy Homes
Mls Name: Mattamy Homes
Mls ID: #N/A