2617 Clarencefield DrCharlotteNC28216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2617 Clarencefield Dr, Charlotte, NC, 28216 listed at $279,900 pairs $2,346/mo rent with a $1,370/mo payment to leave $640/mo cash flow. Total monthly income runs $2,346/mo, and annual cash flow reaches $7,681/yr on $92,787 cash to close. Return on cash invested measures 28.19% in year one, and rental yield registers 10.06% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 147.15% and total cumulative return in cash totals $136,537. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,346/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Kluth • Countryside Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305339