1717 Wilmore DrCharlotteNC28203
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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 1717 Wilmore Dr, Charlotte, NC, 28203 uses $205,625 cash to close to unlock $18,348/yr annual cash flow and $1,529/mo monthly cash flow. Total monthly income runs $5,338/mo, and a $3,059/mo payment keeps the spread at $1,529/mo. Purchase price stands at $625,000, and rental yield measures 10.25% with $5,338/mo rent. Return on cash invested shows 28.98% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 151.33% and total cumulative return in cash records $311,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,338/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1933
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
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Listed by: Brock Hennis • Better Homes and Gardens Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337453