2505-2507 Elon StCharlotteNC28208
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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 2505-2507 Elon St, Charlotte, NC, 28208 earns from $2,728/mo rent with a $5,824/mo payment. Total monthly income totals $2,728/mo. ROI tracks 6.29% on current figures, and rental yield reads 2.75% at a $1,190,000 purchase. Equity gained on principal adds $7,679/yr, and 5% annual appreciation supports $328,775 over five years. Five-year ROI reaches 29.57% and total cumulative return in cash sums $114,028. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,728/mo property income instead of your personal income.
Multi Family
Built in 2025
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Mahmut "Marco" Ozdemir • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4246389
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-16 08:48:12 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)