1613 Umstead StCharlotteNC28205
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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 1613 Umstead St, Charlotte, NC, 28205 earns from $5,041/mo rent with a $7,631/mo payment. Total monthly income totals $5,041/mo. ROI tracks 9.77% on current figures, and rental yield reads 3.88% at a $1,559,000 purchase. Equity gained on principal adds $10,060/yr, and 5% annual appreciation supports $430,723 over five years. Five-year ROI reaches 48.26% and total cumulative return in cash sums $243,787. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,041/mo property income instead of your personal income.
Single Family
Built in 2024
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: Lara Bucci • Savvy + Co Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305021