709 Bellows LnCharlotteNC28270
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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 709 Bellows Ln, Charlotte, NC, 28270 priced at $424,800 converts $2,410/mo rent into after a $2,079/mo obligation. Total monthly income equals $2,410/mo. Return on cash invested prints 18.39% in year one, and rental yield reads 6.81% against a $424,800 entry. Equity gained on principal adds $2,741/yr, while 5% annual appreciation compiles into $117,364 by year five. Five-year ROI reaches 94.57% and total cumulative return in cash sums $133,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $2,079/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28270, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,991 (100%) |
| Owner Occupied HU | 9,562 (68.3%) |
| Renter Occupied HU | 4,021 (28.7%) |
| Vacant Housing Units | 408 ( 2.9%) |
| Median Home Value | $576,549 |
| Average Home Value | $604,243 |
Housing Distribution
Address Breakdown
Residential
13,484
Single Family
10,674
Multi-Family
2,810
Businesses
305
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Listed by: Vernon Jackson • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327632