Covington Plan, Waterfront at The Vineyards on Lake WylieCharlotteNC28214
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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 Covington Plan, Waterfront at The Vineyards on Lake Wylie, Charlotte, NC, 28214 priced at $1,069,737 converts $4,105/mo rent into after a $5,236/mo obligation. Total monthly income equals $4,105/mo. Return on cash invested prints 12.01% in year one, and rental yield reads 4.6% against a $1,069,737 entry. Equity gained on principal adds $6,903/yr, while 5% annual appreciation compiles into $295,549 by year five. Five-year ROI reaches 60.26% and total cumulative return in cash sums $208,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,105/mo property income covering a $5,236/mo payment, not borrower’s personal income.
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 • Keystone Custom Homes
Mls Name: Keystone Custom Homes
Mls Provider:
Mls ID: #N/A