1009 Davant LnCharlotteNC28209
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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 1009 Davant Ln, Charlotte, NC, 28209 listed at $609,900 pairs $3,854/mo rent with a $2,985/mo payment to leave $137/mo cash flow. Total monthly income runs $3,854/mo, and annual cash flow reaches $1,645/yr on $200,657 cash to close. Return on cash invested measures 20.88% in year one, and rental yield registers 7.58% at a $609,900 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,504 by year five. Five-year ROI tracks 107.92% and total cumulative return in cash totals $216,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,854/mo property income relative to a $2,985/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2005
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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Listed by: Kim Madrazo • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292479