1751 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 1751 Merriman Ave, Charlotte, NC, 28203 earns from $4,057/mo rent with a $5,869/mo payment. Total monthly income totals $4,057/mo. ROI tracks 10.33% on current figures, and rental yield reads 4.06% at a $1,199,000 purchase. Equity gained on principal adds $7,737/yr, and 5% annual appreciation supports $331,262 over five years. Five-year ROI reaches 51.25% and total cumulative return in cash sums $199,089. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,057/mo property income instead of your personal income.
Single Family
Built in 1949
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: Ryan Palmer • Corcoran HM Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307833