2038 Trowbridge CtCharlotteNC28270
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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 2038 Trowbridge Ct, Charlotte, NC, 28270 offers a 7.32% rental yield on a $475,000 purchase with $2,897/mo rent. Total monthly income registers $2,897/mo, and a $2,325/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $24/yr on $157,463 to close, and return on cash invested stands at 19.92% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 102.78% and total cumulative return in cash at $161,839. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,897/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28270, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,991 (100%) |
| Owner Occupied HU | 9,562 (68.3%) |
| Renter Occupied HU | 4,021 (28.7%) |
| Vacant Housing Units | 408 ( 2.9%) |
| Median Home Value | $576,549 |
| Average Home Value | $604,243 |
Housing Distribution
Address Breakdown
Residential
13,484
Single Family
10,674
Multi-Family
2,810
Businesses
305
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Listed by: Nara Gregg • Howard Hanna Allen Tate Charlotte South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299735