3108 Major Samuals WayCharlotteNC28208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3108 Major Samuals Way, Charlotte, NC, 28208 offers a 8% rental yield on a $495,000 purchase with $3,301/mo rent. Total monthly income registers $3,301/mo, and a $2,423/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,408/yr on $164,093 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 113.85% and total cumulative return in cash at $186,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,301/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christina Richard • Helen Adams Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334043