Astaire Plan, Sonata at Mint HillCharlotteNC28227
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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 Astaire Plan, Sonata at Mint Hill, Charlotte, NC, 28227 priced at $550,990 converts $3,211/mo rent into after a $2,697/mo obligation. Total monthly income equals $3,211/mo. Return on cash invested prints 19.09% in year one, and rental yield reads 6.99% against a $550,990 entry. Equity gained on principal adds $3,555/yr, while 5% annual appreciation compiles into $152,228 by year five. Five-year ROI reaches 98.27% and total cumulative return in cash sums $178,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,211/mo property income covering a $2,697/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: 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: N/A • Mattamy Homes
Mls Name: Mattamy Homes
Mls ID: #N/A