7223 Winery LnCharlotteNC28227
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Nearby investment properties with comparable prices
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 7223 Winery Ln, Charlotte, NC, 28227 at $200,000 posts ROI 24.87% with $274/mo cash flow from $1,882/mo rent. Total monthly income equals $1,882/mo, and annual cash flow records $3,288/yr on $66,300 to close. Return on cash invested measures 24.87% and rental yield reads 11.29% at the current $200,000. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 by year five. Five-year ROI prints 131.87% and total cumulative return in cash totals $87,428.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,882/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1983
N/A lot
$N/A/sqft
$389 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28227, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,248 (100%) |
| Owner Occupied HU | 15,983 (68.7%) |
| Renter Occupied HU | 6,405 (27.6%) |
| Vacant Housing Units | 860 ( 3.7%) |
| Median Home Value | $399,436 |
| Average Home Value | $454,037 |
Housing Distribution
Address Breakdown
Residential
22,947
Single Family
19,993
Multi-Family
2,954
Businesses
1,371
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Listed by: Thomas Elrod • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4182281
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)