1410 Olde Justin PlCharlotteNC28262
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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 1410 Olde Justin Pl, Charlotte, NC, 28262 generates $1,990/mo in rent and, after a $1,419/mo payment, leaves $223/mo in cash flow. Total monthly income is $1,990/mo, and annual cash flow is $2,677/yr on $96,102 invested. Return on cash invested sits at 22.7% in year one, and rental yield is 8.24% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 117.71% and total cumulative return in cash sums $113,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,990/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Leilanni Flores Cordova • Citywide Group Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331471