310 Wendover Heights CirCharlotteNC28211
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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 310 Wendover Heights Cir, Charlotte, NC, 28211 priced at $725,000 converts $3,665/mo rent into after a $3,549/mo obligation. Total monthly income equals $3,665/mo. Return on cash invested prints 16.27% in year one, and rental yield reads 6.07% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 83.14% and total cumulative return in cash sums $198,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,665/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
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Listed by: Michael Lynch • Diversified Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307865