7126 Covecreek DrCharlotteNC28215
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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 7126 Covecreek Dr, Charlotte, NC, 28215 earns $846/mo cash flow from $2,369/mo rent with a $1,223/mo payment. Total monthly income totals $2,369/mo, and annual cash flow totals $10,153/yr on $82,842 capital. ROI tracks 32.17% on current figures, and rental yield reads 11.38% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 168.5% and total cumulative return in cash sums $139,586. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,369/mo property income instead of your personal income.
Single Family
Built in 1971
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28215, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,250 (100%) |
| Owner Occupied HU | 17,222 (63.2%) |
| Renter Occupied HU | 8,804 (32.3%) |
| Vacant Housing Units | 1,224 ( 4.5%) |
| Median Home Value | $363,343 |
| Average Home Value | $415,494 |
Housing Distribution
Address Breakdown
Residential
26,529
Single Family
22,961
Multi-Family
3,568
Businesses
847
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Listed by: Tammy Reghay • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327255