3539 Mallard Way DrCharlotteNC28216
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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 3539 Mallard Way Dr, Charlotte, NC, 28216 uses $132,600 cash to close to unlock $5,364/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $2,885/mo, and a $1,958/mo payment keeps the spread at $447/mo. Purchase price stands at $400,000, and rental yield measures 8.65% with $2,885/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 124.4% and total cumulative return in cash records $164,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,885/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.23 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: Audrey Wallace • Superior Choice Properties, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328976