2837 Hillsdale AveCharlotteNC28209
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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 2837 Hillsdale Ave, Charlotte, NC, 28209 listed at $1,098,000 pairs $2,783/mo rent with a $5,374/mo payment. Total monthly income runs $2,783/mo. Return on cash invested measures 7.19% in year one, and rental yield registers 3.04% at a $1,098,000 basis. Equity gained on principal adds $7,085/yr, and annual property appreciation at 5% supports $303,357 by year five. Five-year ROI tracks 34.39% and total cumulative return in cash totals $122,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,783/mo property income relative to a $5,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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Listed by: Gaye Law • Cottingham Chalk
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297440