3124 Stelfox StCharlotteNC28262
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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 3124 Stelfox St, Charlotte, NC, 28262 priced at $481,990 converts $2,244/mo rent into after a $2,359/mo obligation. Total monthly income equals $2,244/mo. Return on cash invested prints 14.7% in year one, and rental yield reads 5.59% against a $481,990 entry. Equity gained on principal adds $3,110/yr, while 5% annual appreciation compiles into $133,165 by year five. Five-year ROI reaches 74.8% and total cumulative return in cash sums $119,513. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,244/mo property income covering a $2,359/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Abby Koehn • Taylor Morrison
Mls Name: Taylor Morrison
Mls Provider:
Mls ID: #N/A