8416 Rittenhouse CresCharlotteNC28270
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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 8416 Rittenhouse Cres, Charlotte, NC, 28270 uses $112,379 cash to close to unlock $6,794/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $2,632/mo, and a $1,659/mo payment keeps the spread at $566/mo. Purchase price stands at $339,000, and rental yield measures 9.32% with $2,632/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 135.16% and total cumulative return in cash records $151,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,632/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28270, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,991 (100%) |
| Owner Occupied HU | 9,562 (68.3%) |
| Renter Occupied HU | 4,021 (28.7%) |
| Vacant Housing Units | 408 ( 2.9%) |
| Median Home Value | $576,549 |
| Average Home Value | $604,243 |
Housing Distribution
Address Breakdown
Residential
13,484
Single Family
10,674
Multi-Family
2,810
Businesses
305
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Listed by: Joshua Brister • Better Homes and Gardens Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4273767