3026 Kalex CtCharlotteNC28204
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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 3026 Kalex Ct, Charlotte, NC, 28204 generates $4,670/mo in rent and, after a $3,426/mo payment, leaves $404/mo in cash flow. Total monthly income is $4,670/mo, and annual cash flow is $4,848/yr on $230,300 invested. Return on cash invested sits at 22.17% in year one, and rental yield is 8.01% on a $699,999 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 114.78% and total cumulative return in cash sums $264,327. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,670/mo property income rather than buyer’s personal income.
Townhouse
Built in 2023
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
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Listed by: Josh Finigan • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309036