20005 Faithwood CtCharlotteNC28213
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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 20005 Faithwood Ct, Charlotte, NC, 28213 uses $102,765 cash to close to unlock $5,316/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $2,332/mo, and a $1,517/mo payment keeps the spread at $443/mo. Purchase price stands at $309,999, and rental yield measures 9.03% with $2,332/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 130.45% and total cumulative return in cash records $134,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,332/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: Cheryl Pierce • Lennar Sales Corp
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331793