2507 Eddington 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 2507 Eddington St, Charlotte, NC, 28208 offers a 8.72% rental yield on a $209,900 purchase with $1,526/mo rent. Total monthly income registers $1,526/mo, and a $1,027/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,965/yr on $69,582 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 125.63% and total cumulative return in cash at $87,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,526/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.14 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: Tiffany McLaurin • The McLaurin Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327939