1616 Pat Garrett St, Charlotte, NC, 28206 | $237/mo Cash Flow

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

Investment property for sale in Charlotte at 1616 Pat Garrett St, Charlotte, NC, 28206 uses $144,203 cash to close to unlock $2,844/yr annual cash flow and $237/mo monthly cash flow. Total monthly income runs $2,888/mo, and a $2,129/mo payment keeps the spread at $237/mo. Purchase price stands at $435,000, and rental yield measures 7.97% with $2,888/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 113.28% and total cumulative return in cash records $163,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,888/mo property income covering a $2,129/mo payment rather than investor’s personal income.

Townhouse

Built in 2016

N/A lot

$N/A/sqft

No HOA