7404 Shadowlake DrCharlotteNC28226
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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 7404 Shadowlake Dr, Charlotte, NC, 28226 offers a 8.16% rental yield on a $425,000 purchase with $2,891/mo rent. Total monthly income registers $2,891/mo, and a $2,080/mo payment leaves $301/mo available for distribution. Annual cash flow reaches $3,612/yr on $140,888 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 116.45% and total cumulative return in cash at $164,057. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,891/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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Listed by: Katie Helms • Emerald Pointe Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307279