1032 Churchill Downs Ct APT JCharlotteNC28211
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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 1032 Churchill Downs Ct APT J, Charlotte, NC, 28211 offers a 12.9% rental yield on a $185,354 purchase with $1,993/mo rent. Total monthly income registers $1,993/mo, and a $907/mo payment leaves $864/mo available for distribution. Annual cash flow reaches $10,363/yr on $61,445 to close, and return on cash invested stands at 36.77% in year one. Equity gained on principal adds $1,196/yr while 5% annual appreciation supports $51,210 over five years. Portfolio math shows five-year ROI at 193.2% and total cumulative return in cash at $118,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,993/mo property income against a $907/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A