7407 Heronwood LnCharlotteNC28227
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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 7407 Heronwood Ln, Charlotte, NC, 28227 earns $196/mo cash flow from $2,237/mo rent with a $1,639/mo payment. Total monthly income totals $2,237/mo, and annual cash flow totals $2,353/yr on $111,019 capital. ROI tracks 22.03% on current figures, and rental yield reads 8.02% at a $334,900 purchase. Equity gained on principal adds $2,161/yr, and 5% annual appreciation supports $92,527 over five years. Five-year ROI reaches 114.11% and total cumulative return in cash sums $126,685. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,237/mo property income instead of your personal income.
Single Family
Built in 1995
0.20 Acres 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: Robert Nunez • New Beginnings Real Estate Group, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320594