119 Avery DrCharlotteTX78069
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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 119 Avery Dr, Charlotte, TX, 78069 with 5% annual appreciation on a $189,200 basis while $1,567/mo rent supports operations. Total monthly income totals $1,567/mo and a $926/mo payment preserves $222/mo for cash returns. Annual cash flow comes to $2,659/yr on $62,720 deployed, and return on cash invested reaches 24.15% in year one. Equity gained on principal adds $1,221/yr, and five-year appreciation sums $52,272 alongside rental yield of 9.94%. Five-year ROI measures 126.81% and total cumulative return in cash totals $79,537.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,567/mo property income versus a $926/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78069, Somerset, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,293 (100%) |
| Owner Occupied HU | 1,639 (71.5%) |
| Renter Occupied HU | 435 (19.0%) |
| Vacant Housing Units | 219 ( 9.6%) |
| Median Home Value | $236,801 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
1,702
Single Family
1,702
Multi-Family
0
Businesses
123
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