9832 Longstone LnCharlotteNC28277
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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 9832 Longstone Ln, Charlotte, NC, 28277 uses $119,307 cash to close to unlock $1,249/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $2,298/mo, and a $1,762/mo payment keeps the spread at $104/mo. Purchase price stands at $359,900, and rental yield measures 7.66% with $2,298/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 108.37% and total cumulative return in cash records $129,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,298/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Townhouse
Built in 2008
0.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28277, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,769 (100%) |
| Owner Occupied HU | 19,073 (60.0%) |
| Renter Occupied HU | 11,197 (35.2%) |
| Vacant Housing Units | 1,499 ( 4.7%) |
| Median Home Value | $588,425 |
| Average Home Value | $647,277 |
Housing Distribution
Address Breakdown
Residential
31,868
Single Family
23,034
Multi-Family
8,834
Businesses
2,015
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Listed by: Jacqueline Hernandez • Paradise Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316450