2808 Old Steele Creek RdCharlotteNC28208
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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
Rental property for sale in Charlotte at 2808 Old Steele Creek Rd, Charlotte, NC, 28208 generates $1,504/mo in rent, after a $3,083/mo payment. Total monthly income is $1,504/mo. Return on cash invested sits at 6.54% in year one, and rental yield is 2.87% on a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 31.02% and total cumulative return in cash sums $64,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,504/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
0.24 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: Kaitlynne Carr • CEDAR REALTY LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314602