291 McDonald AveCharlotteNC28203
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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 291 McDonald Ave, Charlotte, NC, 28203 with 5% annual appreciation on a $409,500 basis while $2,963/mo rent supports operations. Total monthly income totals $2,963/mo and a $2,004/mo payment preserves $468/mo for cash returns. Annual cash flow comes to $5,611/yr on $135,749 deployed, and return on cash invested reaches 24.04% in year one. Equity gained on principal adds $2,642/yr, and five-year appreciation sums $113,137 alongside rental yield of 8.68%. Five-year ROI measures 124.89% and total cumulative return in cash totals $169,534.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,963/mo property income versus a $2,004/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
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Listed by: Yvonne Fitzsimmons • T. R. Lawing Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282218