Davidson Plan, Oak CreekMint HillNC28227
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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 Mint Hill at Davidson Plan, Oak Creek, Mint Hill, NC, 28227 offers $2,279/mo rent that, after a $3,314/mo payment. Total monthly income is $2,279/mo. Return on cash invested measures 9.72% in year one, and rental yield stands at 4.04% at a $677,000 entry. Equity gained on principal adds $4,369/yr while 5% annual appreciation compounds into $187,043 by year five. Five-year ROI records 48.21% and total cumulative return in cash reaches $107,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,279/mo property income versus a $3,314/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$71 monthly 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 • Empire Communities
Mls Name: Empire Communities
Mls ID: #N/A