7106 Pitzer DrCharlotteNC28269
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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 7106 Pitzer Dr, Charlotte, NC, 28269 offers a 8.31% rental yield on a $345,000 purchase with $2,388/mo rent. Total monthly income registers $2,388/mo, and a $1,689/mo payment leaves $285/mo available for distribution. Annual cash flow reaches $3,420/yr on $114,368 to close, and return on cash invested stands at 22.9% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 118.75% and total cumulative return in cash at $135,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,388/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Nancy Braun • Showcase Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4293246