7425 Purple Martin Way #46Mint 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
Rental property for sale in Mint Hill at 7425 Purple Martin Way #46, Mint Hill, NC, 28227 generates $840/mo in rent, after a $3,588/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 0.77% in year one, and rental yield is 1.37% on a $733,150 entry. Equity gained on principal adds $4,731/yr, while 5% annual appreciation builds toward $202,556 over five years. Five-year ROI reaches 0.5% and total cumulative return in cash sums $1,207. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.18 Acres lot
$N/A/sqft
$250 monthly 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 Provider:
Mls ID: #4288359
Disclaimer: Based on information submitted to the MLS GRID as of 2025-08-04 08:28:00 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)