1108 N Alexander StCharlotteNC28206
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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 1108 N Alexander St, Charlotte, NC, 28206 uses $152,490 cash to close to unlock $252/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $2,824/mo, and a $2,251/mo payment keeps the spread at $21/mo. Purchase price stands at $460,000, and rental yield measures 7.37% with $2,824/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 103.59% and total cumulative return in cash records $157,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,824/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Townhouse
Built in 2018
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Rachel Demeter • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335337