7024 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
Rental property for sale in Charlotte at 7024 Hodges Meadow Ln, Charlotte, NC, 28213 generates $2,220/mo in rent, after a $1,860/mo payment. Total monthly income is $2,220/mo. Return on cash invested sits at 18.99% in year one, and rental yield is 7.01% on a $379,990 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,984 over five years. Five-year ROI reaches 97.85% and total cumulative return in cash sums $123,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
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: Kendall Baldwin • Mattamy Carolina Corporation
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328423