Montreat Plan, Village at North ReachCharlotteNC28278
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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 Montreat Plan, Village at North Reach, Charlotte, NC, 28278 uses $159,448 cash to close to unlock $850/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $3,002/mo, and a $2,354/mo payment keeps the spread at $71/mo. Purchase price stands at $480,990, and rental yield measures 7.49% with $3,002/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $132,889 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash records $168,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,002/mo property income covering a $2,354/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28278, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,560 (100%) |
| Owner Occupied HU | 11,144 (67.3%) |
| Renter Occupied HU | 4,181 (25.2%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $516,060 |
| Average Home Value | $598,110 |
Housing Distribution
Address Breakdown
Residential
15,786
Single Family
13,840
Multi-Family
1,946
Businesses
560
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Listed by: Abby Koehn • Taylor Morrison
Mls Name: Taylor Morrison
Mls Provider:
Mls ID: #N/A