761 Seigle Point DrCharlotteNC28204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Charlotte at 761 Seigle Point Dr, Charlotte, NC, 28204 priced at $480,000 converts $3,046/mo rent into $121/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,046/mo, and annual cash flow totals $1,452/yr on $159,120 invested. Return on cash invested prints 20.82% in year one, and rental yield reads 7.61% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 107.6% and total cumulative return in cash sums $171,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,046/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Townhouse
Built in 2021
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
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Listed by: Jenn Dolan • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331143