11042 Harrowfield RdCharlotteNC28226
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 11042 Harrowfield Rd, Charlotte, NC, 28226 in Charlotte at $199,900 earns $1,757/mo in rent and nets $197/mo after the $899/mo payment, a 10.55% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $55,229 over five years. Ziffy Mortgage underwrites this on a 1.95 DSCR without U.S. credit history. With $1,841/yr in principal paydown, total projected return reaches $110,414.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.5% |
| Monthly Cash Flow | $197 | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,757 |
| Total Monthly Debt Service | $1,139 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharon West • Maxx West Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330672