7325 Michaels Landing DrCharlotteNC28262
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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 7325 Michaels Landing Dr, Charlotte, NC, 28262 listed at $217,000 pairs $1,867/mo rent with a $1,062/mo payment to leave $545/mo cash flow. Total monthly income runs $1,867/mo, and annual cash flow reaches $6,535/yr on $71,936 cash to close. Return on cash invested measures 28.99% in year one, and rental yield registers 10.32% at a $217,000 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,953 by year five. Five-year ROI tracks 151.44% and total cumulative return in cash totals $108,941. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,867/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2001
0.03 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: Chelsea McAllister • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330615