7320 Meadow Glen DrMint HillNC28227
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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 Mint Hill at 7320 Meadow Glen Dr, Mint Hill, NC, 28227 earns $487/mo cash flow from $1,901/mo rent with a $1,136/mo payment. Total monthly income totals $1,901/mo, and annual cash flow totals $5,839/yr on $76,908 capital. ROI tracks 27.5% on current figures, and rental yield reads 9.83% at a $232,000 purchase. Equity gained on principal adds $1,497/yr, and 5% annual appreciation supports $64,097 over five years. Five-year ROI reaches 143.45% and total cumulative return in cash sums $110,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,901/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No 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: Sharon Salisbury • Stephen Cooley Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325614