1706 Herrin AveCharlotteNC28205
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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 1706 Herrin Ave, Charlotte, NC, 28205 offers a 7.32% rental yield on a $294,000 purchase with $1,793/mo rent. Total monthly income registers $1,793/mo, and a $1,439/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $14/yr on $97,461 to close, and return on cash invested stands at 19.92% in year one. Equity gained on principal adds $1,897/yr while 5% annual appreciation supports $81,227 over five years. Portfolio math shows five-year ROI at 102.85% and total cumulative return in cash at $100,236. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,793/mo property income against a $1,439/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A 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: Jonna Steward • Keller Williams Unlimited
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332635