10605 Bere Island DrCharlotteNC28278
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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
Rental property for sale in Charlotte at 10605 Bere Island Dr, Charlotte, NC, 28278 generates $3,114/mo in rent and, after a $2,496/mo payment, leaves $6/mo in cash flow. Total monthly income is $3,114/mo, and annual cash flow is $72/yr on $167,790 invested. Return on cash invested sits at 20.1% in year one, and rental yield is 7.33% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 103.72% and total cumulative return in cash sums $174,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,114/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28278, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,560 (100%) |
| Owner Occupied HU | 11,144 (67.3%) |
| Renter Occupied HU | 4,181 (25.2%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $516,060 |
| Average Home Value | $598,110 |
Housing Distribution
Address Breakdown
Residential
15,786
Single Family
13,840
Multi-Family
1,946
Businesses
560
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Listed by: Millie Newton • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306061