3038 Old Ironside DrCharlotteNC28213
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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 3038 Old Ironside Dr, Charlotte, NC, 28213 priced at $360,000 converts $2,647/mo rent into $453/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,647/mo, and annual cash flow totals $5,436/yr on $119,340 invested. Return on cash invested prints 24.46% in year one, and rental yield reads 8.82% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 127.14% and total cumulative return in cash sums $151,725. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,647/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: Ashley Etheredge • LPT Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4253394