1949 Garibaldi AveCharlotteNC28208
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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 1949 Garibaldi Ave, Charlotte, NC, 28208 uses $103,428 cash to close to unlock $9,103/yr annual cash flow and $759/mo monthly cash flow. Total monthly income runs $2,660/mo, and a $1,527/mo payment keeps the spread at $759/mo. Purchase price stands at $311,999, and rental yield measures 10.23% with $2,660/mo rent. Return on cash invested shows 28.71% in year one, and 5% annual appreciation builds toward $86,200 over five years. Five-year ROI reaches 149.91% and total cumulative return in cash records $155,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,660/mo property income covering a $1,527/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.32 Acres 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: Natalie Jennings • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4167834
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)