2604 Cochrane DrCharlotteNC28269
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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 2604 Cochrane Dr, Charlotte, NC, 28269 earns $382/mo cash flow from $2,302/mo rent with a $1,542/mo payment. Total monthly income totals $2,302/mo, and annual cash flow totals $4,584/yr on $104,423 capital. ROI tracks 24.3% on current figures, and rental yield reads 8.77% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 126.25% and total cumulative return in cash sums $131,837. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,302/mo property income instead of your personal income.
Single Family
Built in 2003
0.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Jamie Thomas • Corcoran HM Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312824