3528 Merrill PlCharlotteNC28216
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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 3528 Merrill Pl, Charlotte, NC, 28216 uses $82,875 cash to close to unlock $4,560/yr annual cash flow and $380/mo monthly cash flow. Total monthly income runs $1,904/mo, and a $1,224/mo payment keeps the spread at $380/mo. Purchase price stands at $250,000, and rental yield measures 9.14% with $1,904/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 132.23% and total cumulative return in cash records $109,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Listed by: Kelvin Kornegay • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333300