7113 Ridge Lane RdCharlotteNC28262
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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 7113 Ridge Lane Rd, Charlotte, NC, 28262 offers a 6.8% rental yield on a $412,000 purchase with $2,336/mo rent. 37% in year one. Equity gained on principal adds $2,659/yr while 5% annual appreciation supports $113,828 over five years. Portfolio math shows five-year ROI at 94.46% and total cumulative return in cash at $129,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,336/mo property income against a $2,017/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Thomas Shoupe • Opendoor Brokerage LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298416