2721 Celia AveCharlotteNC28216
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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 2721 Celia Ave, Charlotte, NC, 28216 offers a 9.48% rental yield on a $100,000 purchase with $790/mo rent. Total monthly income registers $790/mo, and a $489/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,172/yr on $33,150 to close, and return on cash invested stands at 26.46% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 137.86% and total cumulative return in cash at $45,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $790/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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
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Listed by: Ronda Carson • NextHome Authority
Mls Name: NextHome
Mls ID: #4321120