7225 McTeal PlCharlotteNC28262
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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 7225 McTeal Pl, Charlotte, NC, 28262 offers a 7.91% rental yield on a $309,900 purchase with $2,042/mo rent. Total monthly income registers $2,042/mo, and a $1,517/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,837/yr on $102,732 to close, and return on cash invested stands at 21.7% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 112.34% and total cumulative return in cash at $115,404. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,042/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.35 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: Hossein Mansourhosseinitari • Stephen Cooley Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334886