1022 Balsam TrlCharlotteNC28214
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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 1022 Balsam Trl, Charlotte, NC, 28214 uses $132,600 cash to close to unlock $5,004/yr annual cash flow and $417/mo monthly cash flow. Total monthly income runs $2,855/mo, and a $1,958/mo payment keeps the spread at $417/mo. Purchase price stands at $400,000, and rental yield measures 8.57% with $2,855/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 122.93% and total cumulative return in cash records $163,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Denise Lockhart • Envision Realty Group, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330695