1615 Polk St #EQX0208, Charlotte, NC, 28206 | 4.77% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Charlotte at 1615 Polk St #EQX0208, Charlotte, NC, 28206 generates $2,010/mo in rent, after a $2,476/mo payment. Total monthly income is $2,010/mo. Return on cash invested sits at 10.3% in year one, and rental yield is 4.77% on a $505,900 entry. Equity gained on principal adds $3,264/yr, while 5% annual appreciation builds toward $139,771 over five years. Five-year ROI reaches 51.91% and total cumulative return in cash sums $86,400. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

$280 monthly HOA