7690 Petrea 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
Rental property for sale in Charlotte at 7690 Petrea Ln, Charlotte, NC, 28227 offers $1,751/mo rent that, after a $1,199/mo payment, leaves $66/mo cash flow. Total monthly income is $1,751/mo, and annual cash flow is $792/yr on $81,218 cash. Return on cash invested measures 20.88% in year one, and rental yield stands at 8.58% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 108.95% and total cumulative return in cash reaches $88,488. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,751/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
0.01 Acres lot
$N/A/sqft
$192 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: Ashley Ginn • Allen Tate SouthPark
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4186157
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. 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](/info/mls-disclaimers/#mls_87)