1517 Summerville RdCharlotteNC28214
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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
Investment property for sale in Charlotte at 1517 Summerville Rd, Charlotte, NC, 28214 offers a 11.46% rental yield on a $189,995 purchase with $1,814/mo rent. Total monthly income registers $1,814/mo, and a $930/mo payment leaves $656/mo available for distribution. Annual cash flow reaches $7,872/yr on $62,983 to close, and return on cash invested stands at 32.41% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,492 over five years. Portfolio math shows five-year ROI at 169.72% and total cumulative return in cash at $106,895. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,814/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Scott David • Milemma Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277321