2222 Selwyn Ave APT 507CharlotteNC28207
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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 2222 Selwyn Ave APT 507, Charlotte, NC, 28207 generates $4,135/mo in rent and, after a $2,932/mo payment, leaves $484/mo in cash flow. Total monthly income is $4,135/mo, and annual cash flow is $5,810/yr on $197,071 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 8.28% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 119.33% and total cumulative return in cash sums $235,162. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,135/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
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Listed by: Tracey Cook • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336241