Burke Plan, Creedmore HillsCharlotteNC28214
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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 Burke Plan, Creedmore Hills, Charlotte, NC, 28214 priced at $411,900 pairs $2,834/mo rent with $324/mo cash flow after a $2,016/mo payment. Total monthly income equals $2,834/mo, and annual cash flow comes to $3,885/yr on $136,545 invested. Return on cash invested is 22.75% in year one, and rental yield stands at 8.26% on a $411,900 basis. Equity gained on principal adds $2,658/yr, and 5% annual appreciation accumulates to $113,800 by year five. Five-year ROI measures 117.97% and total cumulative return in cash reaches $161,084. For financing, Ziffy Mortgage’s DSCR program evaluates $2,834/mo property income against a $2,016/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: N/A • LGI Homes
Mls Name: LGI Homes
Mls Provider:
Mls ID: #N/A