2476 Ryerson CtCharlotteNC28213
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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 2476 Ryerson Ct, Charlotte, NC, 28213 uses $82,875 cash to close to unlock $4,368/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $1,888/mo, and a $1,224/mo payment keeps the spread at $364/mo. Purchase price stands at $250,000, and rental yield measures 9.06% with $1,888/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 130.97% and total cumulative return in cash records $108,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,888/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 2002
0.02 Acres lot
$N/A/sqft
No 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: Victoria McHutchon • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280530