115 Boyce RdCharlotteNC28211
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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 115 Boyce Rd, Charlotte, NC, 28211 generates $5,020/mo in rent and, after a $3,911/mo payment, leaves $150/mo in cash flow. Total monthly income is $5,020/mo, and annual cash flow is $1,802/yr on $262,871 invested. Return on cash invested sits at 20.75% in year one, and rental yield is 7.54% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 107.19% and total cumulative return in cash sums $281,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,020/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
0.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
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Listed by: Anja Zimmerman • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300751