1031 Churchill Downs Ct APT HCharlotteNC28211
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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 1031 Churchill Downs Ct APT H, Charlotte, NC, 28211 listed at $259,000 pairs $1,994/mo rent with a $1,268/mo payment to leave $415/mo cash flow. Total monthly income runs $1,994/mo, and annual cash flow reaches $4,982/yr on $85,859 cash to close. Return on cash invested measures 25.71% in year one, and rental yield registers 9.24% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 133.88% and total cumulative return in cash totals $114,952. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,994/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
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Listed by: Jocephus Huneycutt • Cottingham Chalk
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294108