345 Bradford DrCharlotteNC28208
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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 345 Bradford Dr, Charlotte, NC, 28208 priced at $220,000 pairs $2,002/mo rent with $661/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,002/mo, and annual cash flow comes to $7,932/yr on $72,930 invested. Return on cash invested is 30.79% in year one, and rental yield stands at 10.92% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 161.04% and total cumulative return in cash reaches $117,443. For financing, Ziffy Mortgage’s DSCR program evaluates $2,002/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1937
0.20 Acres 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
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Listed by: Tatianna Melton • Prime 1 LIR LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301388