164 Cherokee RdCharlotteNC28207
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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
Rental property for sale in Charlotte at 164 Cherokee Rd, Charlotte, NC, 28207 priced at $1,832,000 converts $5,408/mo rent into after a $8,967/mo obligation. Total monthly income equals $5,408/mo. Return on cash invested prints 8.73% in year one, and rental yield reads 3.54% against a $1,832,000 entry. Equity gained on principal adds $11,822/yr, while 5% annual appreciation compiles into $506,148 by year five. Five-year ROI reaches 42.67% and total cumulative return in cash sums $253,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,408/mo property income covering a $8,967/mo payment, not borrower’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
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Listed by: Grainger Gilbert • Fathom Realty NC LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286574