320 S Cedar StCharlotteNC28202
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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 320 S Cedar St, Charlotte, NC, 28202 priced at $409,000 pairs $3,476/mo rent with $983/mo cash flow after a $2,002/mo payment. Total monthly income equals $3,476/mo, and annual cash flow comes to $11,798/yr on $135,584 invested. Return on cash invested is 28.61% in year one, and rental yield stands at 10.2% on a $409,000 basis. Equity gained on principal adds $2,639/yr, and 5% annual appreciation accumulates to $112,999 by year five. Five-year ROI measures 149.41% and total cumulative return in cash reaches $202,581. For financing, Ziffy Mortgage’s DSCR program evaluates $3,476/mo property income against a $2,002/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
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: Tracey Cook • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308863