1412 Thomas 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 1412 Thomas Ave, Charlotte, NC, 28205 generates $3,212/mo in rent, after a $3,793/mo payment. Total monthly income is $3,212/mo. Return on cash invested sits at 12.95% in year one, and rental yield is 4.97% on a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 65.35% and total cumulative return in cash sums $166,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,212/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
0.17 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: Ken Riel • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294957