Magnolia Plan, River Ridge TownesCharlotteNC28213
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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
Investment property for sale in Charlotte at Magnolia Plan, River Ridge Townes, Charlotte, NC, 28213 with 5% annual appreciation on a $326,999 basis while $2,447/mo rent supports operations. Total monthly income totals $2,447/mo and a $1,601/mo payment preserves $455/mo for cash returns. Annual cash flow comes to $5,455/yr on $108,400 deployed, and return on cash invested reaches 24.94% in year one. Equity gained on principal adds $2,110/yr, and five-year appreciation sums $90,344 alongside rental yield of 8.98%. Five-year ROI measures 129.71% and total cumulative return in cash totals $140,608.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,447/mo property income versus a $1,601/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A