1606 Sharon Rd W APT 38CharlotteNC28210
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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
Investment property for sale in Charlotte at 1606 Sharon Rd W APT 38, Charlotte, NC, 28210 uses $64,643 cash to close to unlock $7,152/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $1,784/mo, and a $954/mo payment keeps the spread at $596/mo. Purchase price stands at $195,000, and rental yield measures 10.98% with $1,784/mo rent. Return on cash invested shows 30.97% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 162.02% and total cumulative return in cash records $104,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,784/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A 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
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Listed by: Debbie Bullard • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286350