1012 Queens Rd Unit CCharlotteNC28207
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1012 Queens Rd Unit C, Charlotte, NC, 28207 in Charlotte is narrow, $197/mo net on $2,976/mo rent after the $1,799/mo debt service, but the property operates at break-even-plus, not a loss. At $400,000 with a 8.93% yield, the long-run equity case via 5% appreciation ($110,513 over five years) and $3,684/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.65 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $186,118.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 5.5% |
| Monthly Cash Flow | $197 | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,976 |
| Total Monthly Debt Service | $2,279 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1981
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4363907