Luna Plan, The Vineyards at ChevalMint 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 Luna Plan, The Vineyards at Cheval, Mint Hill, NC, 28227 priced at $1,572,900 converts $4,943/mo rent into after a $7,699/mo obligation. Total monthly income equals $4,943/mo. Return on cash invested prints 9.44% in year one, and rental yield reads 3.77% against a $1,572,900 entry. Equity gained on principal adds $10,150/yr, while 5% annual appreciation compiles into $434,563 by year five. Five-year ROI reaches 46.45% and total cumulative return in cash sums $236,739. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,943/mo property income covering a $7,699/mo payment, not borrower’s personal income.
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 • Arthur Rutenberg Homes
Mls Name: AR Homes - Paragon
Mls ID: #N/A