Nolen Plan, Galloway TownsCharlotteNC28262
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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 Nolen Plan, Galloway Towns, Charlotte, NC, 28262 offers $2,244/mo rent that, after a $2,013/mo payment. Total monthly income is $2,244/mo. Return on cash invested measures 17.6% in year one, and rental yield stands at 6.55% at a $411,315 entry. Equity gained on principal adds $2,654/yr while 5% annual appreciation compounds into $113,639 by year five. Five-year ROI records 90.34% and total cumulative return in cash reaches $123,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,244/mo property income versus a $2,013/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A