2924 Harris Houston RdCharlotteNC28262
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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 2924 Harris Houston Rd, Charlotte, NC, 28262 uses $91,163 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $2,014/mo, and a $1,346/mo payment keeps the spread at $338/mo. Purchase price stands at $275,000, and rental yield measures 8.79% with $2,014/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 126.55% and total cumulative return in cash records $115,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,014/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Cassady Caven • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329316