116 Tracy Academy StCharlotteTN37036
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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 116 Tracy Academy St, Charlotte, TN, 37036 generates $1,920/mo in rent, after a $1,908/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 16.07% in year one, and rental yield is 5.91% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 82% and total cumulative return in cash sums $105,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1903
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37036, Charlotte, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,202 (77.1%) |
| Renter Occupied HU | 401 (14.0%) |
| Vacant Housing Units | 252 ( 8.8%) |
| Median Home Value | $297,139 |
| Average Home Value | $353,924 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,649
Multi-Family
24
Businesses
140
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