3403 Fernstone CresCharlotteNC28227
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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 3403 Fernstone Cres, Charlotte, NC, 28227 generates $2,048/mo in rent and, after a $1,493/mo payment, leaves $189/mo in cash flow. Total monthly income is $2,048/mo, and annual cash flow is $2,268/yr on $101,108 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 8.06% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 114.74% and total cumulative return in cash sums $116,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,048/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28227, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,248 (100%) |
| Owner Occupied HU | 15,983 (68.7%) |
| Renter Occupied HU | 6,405 (27.6%) |
| Vacant Housing Units | 860 ( 3.7%) |
| Median Home Value | $399,436 |
| Average Home Value | $454,037 |
Housing Distribution
Address Breakdown
Residential
22,947
Single Family
19,993
Multi-Family
2,954
Businesses
1,371
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Listed by: Al Pfannkuch • Better Homes and Garden Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308383