310 Arlington Ave UNIT 422CharlotteNC28203
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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 310 Arlington Ave UNIT 422, Charlotte, NC, 28203 listed at $479,000 pairs $2,948/mo rent with a $2,344/mo payment to leave $29/mo cash flow. Total monthly income runs $2,948/mo, and annual cash flow reaches $350/yr on $158,789 cash to close. Return on cash invested measures 20.13% in year one, and rental yield registers 7.39% at a $479,000 basis. Equity gained on principal adds $3,091/yr, and annual property appreciation at 5% supports $132,339 by year five. Five-year ROI tracks 103.92% and total cumulative return in cash totals $165,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,948/mo property income relative to a $2,344/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1920
0.01 Acres 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: Tracy Dowling • Homecoin.com
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325506