1719 Merriman AveCharlotteNC28203
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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 1719 Merriman Ave, Charlotte, NC, 28203 uses $129,252 cash to close to unlock $2,869/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $2,615/mo, and a $1,908/mo payment keeps the spread at $239/mo. Purchase price stands at $389,900, and rental yield measures 8.05% with $2,615/mo rent. Return on cash invested shows 22.13% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 114.65% and total cumulative return in cash records $148,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,615/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.20 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: Tyler Williams • Howard Hanna Allen Tate Rock Hill
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318128