1236 Archdale Dr APT FCharlotteNC28217
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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 1236 Archdale Dr APT F, Charlotte, NC, 28217 uses $72,930 cash to close to unlock $10,284/yr annual cash flow and $857/mo monthly cash flow. Total monthly income runs $2,198/mo, and a $1,077/mo payment keeps the spread at $857/mo. Purchase price stands at $220,000, and rental yield measures 11.99% with $2,198/mo rent. Return on cash invested shows 34.01% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 178.33% and total cumulative return in cash records $130,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,198/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1968
0.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28217, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,244 (100%) |
| Owner Occupied HU | 4,437 (25.7%) |
| Renter Occupied HU | 11,138 (64.6%) |
| Vacant Housing Units | 1,669 ( 9.7%) |
| Median Home Value | $314,783 |
| Average Home Value | $421,853 |
Housing Distribution
Address Breakdown
Residential
14,065
Single Family
8,360
Multi-Family
5,705
Businesses
2,119
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Listed by: Alex Salazar • SA Carolinas Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307428