2523 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 2523 Eddington St, Charlotte, NC, 28208 earns from $1,753/mo rent with a $2,397/mo payment. Total monthly income totals $1,753/mo. ROI tracks 10.81% on current figures, and rental yield reads 4.29% at a $489,800 purchase. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,323 over five years. Five-year ROI reaches 53.92% and total cumulative return in cash sums $87,549. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,753/mo property income instead of your personal income.
Single Family
Built in 1945
0.33 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: #4327945