Rhodes Plan, The River DistrictCharlotteNC28278
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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 Rhodes Plan, The River District, Charlotte, NC, 28278 offers $2,640/mo rent that, after a $3,837/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 9.19% in year one, and rental yield stands at 4.04% at a $783,900 entry. Equity gained on principal adds $5,058/yr while 5% annual appreciation compounds into $216,577 by year five. Five-year ROI records 45.55% and total cumulative return in cash reaches $117,485. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $3,837/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$198 monthly 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: N/A • Saussy Burbank, LLC
Mls Name: Saussy Burbank
Mls Provider:
Mls ID: #N/A