7407 Purple Martin Way #50Mint 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
Total monthly income runs $2,279/mo, and a $4,369/mo payment. Purchase price stands at $892,595, and rental yield measures 3.06% with $2,279/mo rent. Return on cash invested shows 7.14% in year one, and 5% annual appreciation builds toward $246,608 over five years. Five-year ROI reaches 34.22% and total cumulative return in cash records $100,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,279/mo property income covering a $4,369/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.14 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: Ryan Plowman • Plowman Properties LLC.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283883