1434 Edgewater DrCharlotteNC28210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1434 Edgewater Dr, Charlotte, NC, 28210 generates $2,070/mo in rent, after a $2,325/mo payment. Total monthly income is $2,070/mo. Return on cash invested sits at 13.62% in year one, and rental yield is 5.23% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 68.98% and total cumulative return in cash sums $108,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,070/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28210, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,370 (100%) |
| Owner Occupied HU | 11,518 (51.5%) |
| Renter Occupied HU | 9,867 (44.1%) |
| Vacant Housing Units | 985 ( 4.4%) |
| Median Home Value | $546,589 |
| Average Home Value | $622,591 |
Housing Distribution
Address Breakdown
Residential
22,259
Single Family
12,348
Multi-Family
9,911
Businesses
860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betsy Stec Market • Ivester Jackson Christie's
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336826