2503 Roswell Ave Unit 402CharlotteNC28209
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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 2503 Roswell Ave Unit 402, Charlotte, NC, 28209 earns $124/mo cash flow from $2,257/mo rent with a $1,713/mo payment. Total monthly income totals $2,257/mo, and annual cash flow totals $1,488/yr on $116,025 capital. ROI tracks 21.19% on current figures, and rental yield reads 7.74% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 109.58% and total cumulative return in cash sums $127,142. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,257/mo property income instead of your personal income.
Condo
Built in 1963
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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