2149 Kirkwood Ave APT 7CharlotteNC28203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2149 Kirkwood Ave APT 7, Charlotte, NC, 28203 offers a 9.14% rental yield on a $305,000 purchase with $2,322/mo rent. Total monthly income registers $2,322/mo, and a $1,493/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,556/yr on $101,108 to close, and return on cash invested stands at 25.4% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 132.17% and total cumulative return in cash at $133,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina Burdette • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302834