Amber Plan, Galloway RidgeCharlotteNC28216
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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 Amber Plan, Galloway Ridge, Charlotte, NC, 28216 priced at $382,990 converts $2,185/mo rent into after a $1,875/mo obligation. Total monthly income equals $2,185/mo. Return on cash invested prints 18.5% in year one, and rental yield reads 6.85% against a $382,990 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation compiles into $105,813 by year five. Five-year ROI reaches 95.15% and total cumulative return in cash sums $120,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,185/mo property income covering a $1,875/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Listed by: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A