3520 Colony Rd APT BCharlotteNC28211
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3520 Colony Rd APT B, Charlotte, NC, 28211 in Charlotte at $277,000 earns $2,191/mo in rent and nets $82/mo after the $1,246/mo payment, a 9.49% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $76,530 over five years. Ziffy Mortgage underwrites this on a 1.76 DSCR without U.S. credit history. With $2,551/yr in principal paydown, total projected return reaches $112,008.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.5% |
| Monthly Cash Flow | $82 | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,191 |
| Total Monthly Debt Service | $1,999 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1969
N/A lot
$N/A/sqft
$421 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1969
N/A lot
$N/A/sqft
$421 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices