1801 Gemway DrCharlotteNC28216
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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 1801 Gemway Dr, Charlotte, NC, 28216 listed at $278,100 pairs $2,369/mo rent with a $1,361/mo payment to leave $674/mo cash flow. Total monthly income runs $2,369/mo, and annual cash flow reaches $8,091/yr on $92,190 cash to close. Return on cash invested measures 28.69% in year one, and rental yield registers 10.22% at a $278,100 basis. Equity gained on principal adds $1,795/yr, and annual property appreciation at 5% supports $76,834 by year five. Five-year ROI tracks 149.82% and total cumulative return in cash totals $138,120. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,369/mo property income relative to a $1,361/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Listed by: Cindy Walley • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4323078