The Suwanee Plan, Hickory GlenCharlotteNC28216
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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 The Suwanee Plan, Hickory Glen, Charlotte, NC, 28216 priced at $293,990 pairs $2,231/mo rent with $439/mo cash flow after a $1,439/mo payment. Total monthly income equals $2,231/mo, and annual cash flow comes to $5,271/yr on $97,458 invested. Return on cash invested is 25.32% in year one, and rental yield stands at 9.11% on a $293,990 basis. Equity gained on principal adds $1,897/yr, and 5% annual appreciation accumulates to $81,224 by year five. Five-year ROI measures 131.76% and total cumulative return in cash reaches $128,409. For financing, Ziffy Mortgage’s DSCR program evaluates $2,231/mo property income against a $1,439/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Listed by: N/A • Smith Douglas Homes
Mls Name: Smith Douglas Homes
Mls Provider:
Mls ID: #N/A