1061 Sardis Cove DrCharlotteNC28270
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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 1061 Sardis Cove Dr, Charlotte, NC, 28270 generates $2,080/mo in rent and, after a $1,273/mo payment, leaves $495/mo in cash flow. Total monthly income is $2,080/mo, and annual cash flow is $5,940/yr on $86,190 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 9.6% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 139.67% and total cumulative return in cash sums $120,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,080/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28270, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,991 (100%) |
| Owner Occupied HU | 9,562 (68.3%) |
| Renter Occupied HU | 4,021 (28.7%) |
| Vacant Housing Units | 408 ( 2.9%) |
| Median Home Value | $576,549 |
| Average Home Value | $604,243 |
Housing Distribution
Address Breakdown
Residential
13,484
Single Family
10,674
Multi-Family
2,810
Businesses
305
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Listed by: Harris Russell • Keller Williams Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4276366