Locust Plan, Exclusive HomesitesCharlotteNC28203
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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 Locust Plan, Exclusive Homesites, Charlotte, NC, 28203 priced at $359,990 pairs $2,783/mo rent with $589/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,783/mo, and annual cash flow comes to $7,068/yr on $119,337 invested. Return on cash invested is 25.83% in year one, and rental yield stands at 9.28% on a $359,990 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,459 by year five. Five-year ROI measures 134.52% and total cumulative return in cash reaches $160,530. For financing, Ziffy Mortgage’s DSCR program evaluates $2,783/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
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Listed by: N/A • Red Cedar Homes
Mls Name: Red Cedar Homes
Mls Provider:
Mls ID: #N/A