343 Wakefield DrCharlotteNC28209
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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
Investment property for sale in Charlotte at 343 Wakefield Dr, Charlotte, NC, 28209 offers a 9.62% rental yield on a $230,000 purchase with $1,843/mo rent. Total monthly income registers $1,843/mo, and a $1,126/mo payment leaves $441/mo available for distribution. Annual cash flow reaches $5,292/yr on $76,245 to close, and return on cash invested stands at 26.85% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 139.93% and total cumulative return in cash at $106,687. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,843/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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Listed by: Todd Brower • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291383