1209 Leigh AveCharlotteNC28205
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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 1209 Leigh Ave, Charlotte, NC, 28205 priced at $1,065,000 converts $3,630/mo rent into after a $5,213/mo obligation. Total monthly income equals $3,630/mo. Return on cash invested prints 10.42% in year one, and rental yield reads 4.09% against a $1,065,000 entry. Equity gained on principal adds $6,872/yr, while 5% annual appreciation compiles into $294,240 by year five. Five-year ROI reaches 51.73% and total cumulative return in cash sums $178,511. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,630/mo property income covering a $5,213/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: Liz Young • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295218