8838 Hunter Ridge DrCharlotteNC28226
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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 8838 Hunter Ridge Dr, Charlotte, NC, 28226 earns $368/mo cash flow from $1,764/mo rent with a $1,121/mo payment. Total monthly income totals $1,764/mo, and annual cash flow totals $4,418/yr on $75,914 capital. ROI tracks 25.73% on current figures, and rental yield reads 9.24% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 133.99% and total cumulative return in cash sums $101,717. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,764/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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Listed by: Cindy Ferguson • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332894