235 Edgegreen DrCharlotteNC28217
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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 235 Edgegreen Dr, Charlotte, NC, 28217 with 5% annual appreciation on a $280,000 basis while $1,825/mo rent supports operations. Total monthly income totals $1,825/mo and a $1,370/mo payment preserves $119/mo for cash returns. Annual cash flow comes to $1,428/yr on $92,820 deployed, and return on cash invested reaches 21.45% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 7.82%. Five-year ROI measures 110.95% and total cumulative return in cash totals $102,981.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,825/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28217, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,244 (100%) |
| Owner Occupied HU | 4,437 (25.7%) |
| Renter Occupied HU | 11,138 (64.6%) |
| Vacant Housing Units | 1,669 ( 9.7%) |
| Median Home Value | $314,783 |
| Average Home Value | $421,853 |
Housing Distribution
Address Breakdown
Residential
14,065
Single Family
8,360
Multi-Family
5,705
Businesses
2,119
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Listed by: Zamir Ramos • Better Homes and Gardens Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329481