2804/2808 Grimes StCharlotteNC28206
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2804/2808 Grimes St, Charlotte, NC, 28206 in Charlotte the bet is firmly on appreciation. Rental yield 2.49%. The 2.49% gross yield on a $1,200,000 price is below income-first thresholds, but 5%/yr value growth projects $331,538 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.46) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $144,113.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 5.5% |
| Monthly Cash Flow | $(4,823) | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,490 |
| Total Monthly Debt Service | $6,836 |
| DSCR Ratio | 0.36x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2025
0.18 Acres lot
$N/A/sqft
No HOA
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
Multi Family
Built in 2025
0.18 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rita Goforth • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4342933