2037 Langer StCharlotteNC28214
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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 2037 Langer St, Charlotte, NC, 28214 offers a 10.47% rental yield on a $298,700 purchase with $2,606/mo rent. Total monthly income registers $2,606/mo, and a $1,462/mo payment leaves $786/mo available for distribution. Annual cash flow reaches $9,427/yr on $99,019 to close, and return on cash invested stands at 29.43% in year one. Equity gained on principal adds $1,927/yr while 5% annual appreciation supports $82,525 over five years. Portfolio math shows five-year ROI at 153.78% and total cumulative return in cash at $152,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,606/mo property income against a $1,462/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2022
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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