305 McNinch St #BCharlotteNC28202
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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 305 McNinch St #B, Charlotte, NC, 28202 offers $3,542/mo rent that, after a $2,937/mo payment. Total monthly income is $3,542/mo. Return on cash invested measures 19.36% in year one, and rental yield stands at 7.08% at a $599,999 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 99.74% and total cumulative return in cash reaches $196,883. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,542/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,577 (100%) |
| Owner Occupied HU | 2,361 (17.4%) |
| Renter Occupied HU | 9,420 (69.4%) |
| Vacant Housing Units | 1,796 (13.2%) |
| Median Home Value | $536,677 |
| Average Home Value | $631,626 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
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Listed by: Shaan Dadlani • Yancey Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284087