1104 Drummond AveCharlotteNC28205
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1104 Drummond Ave, Charlotte, NC, 28205 uses $210,231 cash to close to unlock $2,594/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $4,111/mo, and a $3,128/mo payment keeps the spread at $216/mo. Purchase price stands at $639,000, and rental yield measures 7.72% with $4,111/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $176,544 over five years. Five-year ROI reaches 110.13% and total cumulative return in cash records $231,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,111/mo property income covering a $3,128/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeannie Lytton • Realty Dynamics Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331036