1308 Edgewood RdCharlotteNC28208
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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 1308 Edgewood Rd, Charlotte, NC, 28208 offers $2,334/mo rent that, after a $972/mo payment, leaves $1,124/mo cash flow. Total monthly income is $2,334/mo, and annual cash flow is $13,486/yr on $65,803 cash. Return on cash invested measures 40.4% in year one, and rental yield stands at 14.11% at a $198,500 entry. Equity gained on principal adds $1,281/yr while 5% annual appreciation compounds into $54,842 by year five. Five-year ROI records 212.62% and total cumulative return in cash reaches $139,913. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,334/mo property income versus a $972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
8,826 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: N/A • N/A
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