Garland 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 Garland Plan, Sonata at Mint Hill, Charlotte, NC, 28227 priced at $567,990 pairs $3,492/mo rent with $30/mo cash flow after a $2,780/mo payment. Total monthly income equals $3,492/mo, and annual cash flow comes to $365/yr on $186,869 invested. Return on cash invested is 20.26% in year one, and rental yield stands at 7.38% on a $567,990 basis. Equity gained on principal adds $3,665/yr, and 5% annual appreciation accumulates to $156,925 by year five. Five-year ROI measures 104.55% and total cumulative return in cash reaches $195,378. For financing, Ziffy Mortgage’s DSCR program evaluates $3,492/mo property income against a $2,780/mo payment instead of your W2s, 1099s, or Tax returns.
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