1017 Nations DrCharlotteNC28217
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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 1017 Nations Dr, Charlotte, NC, 28217 listed at $150,000 pairs $1,155/mo rent with a $734/mo payment to leave $241/mo cash flow. Total monthly income runs $1,155/mo, and annual cash flow reaches $2,892/yr on $49,725 cash to close. Return on cash invested measures 25.72% in year one, and rental yield registers 9.24% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 133.88% and total cumulative return in cash totals $66,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,155/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28217, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,244 (100%) |
| Owner Occupied HU | 4,437 (25.7%) |
| Renter Occupied HU | 11,138 (64.6%) |
| Vacant Housing Units | 1,669 ( 9.7%) |
| Median Home Value | $314,783 |
| Average Home Value | $421,853 |
Housing Distribution
Address Breakdown
Residential
14,065
Single Family
8,360
Multi-Family
5,705
Businesses
2,119
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Listed by: Patrick Tustin • Austin-Barnett Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335038