1707 E 8th StCharlotteNC28204
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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 1707 E 8th St, Charlotte, NC, 28204 offers a 4.04% rental yield on a $1,375,000 purchase with $4,633/mo rent. 28% in year one. Equity gained on principal adds $8,873/yr while 5% annual appreciation supports $379,887 over five years. Portfolio math shows five-year ROI at 50.96% and total cumulative return in cash at $227,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,633/mo property income against a $6,730/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
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Listed by: Katie Harrison • Ivester Jackson Christie's
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307780