223 Orchard Trace Ln APT 8CharlotteNC28213
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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
Total monthly income runs $963/mo, and a $597/mo payment. Purchase price stands at $122,000, and rental yield measures 9.47% with $963/mo rent. Return on cash invested shows 18.18% in year one, and 5% annual appreciation builds toward $33,706 over five years. Five-year ROI reaches 96.49% and total cumulative return in cash records $39,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $963/mo property income covering a $597/mo payment rather than investor’s personal income.
Condo
Built in 1974
0.10 Acres lot
$N/A/sqft
$278 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: Rochelle Ogburn • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4237974
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-31 17:38:30 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)