203 Grandin Rd #3CharlotteNC28208
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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
Rental property for sale in Charlotte at 203 Grandin Rd #3, Charlotte, NC, 28208 priced at $545,000 pairs $3,833/mo rent with $511/mo cash flow after a $2,668/mo payment. Total monthly income equals $3,833/mo, and annual cash flow comes to $6,132/yr on $179,305 invested. Return on cash invested is 23.48% in year one, and rental yield stands at 8.44% on a $545,000 basis. Equity gained on principal adds $3,517/yr, and 5% annual appreciation accumulates to $150,573 by year five. Five-year ROI measures 121.82% and total cumulative return in cash reaches $218,436. For financing, Ziffy Mortgage’s DSCR program evaluates $3,833/mo property income against a $2,668/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2023
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: Ryan Palmer • Corcoran HM Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322432