345 Fannie CirCharlotteNC28205
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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 Fannie Cir, Charlotte, NC, 28205 priced at $344,000 pairs $2,100/mo rent with $3/mo cash flow after a $1,684/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $38/yr on $114,036 invested. Return on cash invested is 19.94% in year one, and rental yield stands at 7.33% on a $344,000 basis. Equity gained on principal adds $2,220/yr, and 5% annual appreciation accumulates to $95,041 by year five. Five-year ROI measures 102.94% and total cumulative return in cash reaches $117,386. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $1,684/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: Craig Tribus • Beycome Brokerage Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329791