1823 J Julian Ln APT DCharlotteNC28208
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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 1823 J Julian Ln APT D, Charlotte, NC, 28208 offers a 9.4% rental yield on a $134,900 purchase with $1,057/mo rent. Total monthly income registers $1,057/mo, and a $660/mo payment leaves $235/mo available for distribution. Annual cash flow reaches $2,821/yr on $44,719 to close, and return on cash invested stands at 26.22% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 136.65% and total cumulative return in cash at $61,109. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,057/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Chris Hansen • Gold House Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294332