2424 CR 310 Lot 5CharlotteTX78011
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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 2424 CR 310 Lot 5, Charlotte, TX, 78011 generates $1,055/mo in rent and, after a $671/mo payment, leaves $80/mo in cash flow. Total monthly income is $1,055/mo, and annual cash flow is $964/yr on $45,416 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 9.24% on a $137,000 entry. Equity gained on principal adds $884/yr, while 5% annual appreciation builds toward $37,851 over five years. Five-year ROI reaches 115.53% and total cumulative return in cash sums $52,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,055/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
10.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78011, Charlotte, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 586 (73.6%) |
| Renter Occupied HU | 112 (14.1%) |
| Vacant Housing Units | 98 (12.3%) |
| Median Home Value | $139,286 |
| Average Home Value | $257,048 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
58
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Listed by: Lydia Rivas • La Paloma Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1779439
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.