3636 Bowker RdCharlotteTN37036
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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 3636 Bowker Rd, Charlotte, TN, 37036 priced at $409,900 converts $2,717/mo rent into $264/mo cash flow after a $2,006/mo obligation. Total monthly income equals $2,717/mo, and annual cash flow totals $3,162/yr on $135,882 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 7.95% against a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation compiles into $113,248 by year five. Five-year ROI reaches 115.06% and total cumulative return in cash sums $156,352. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,717/mo property income covering a $2,006/mo payment, not borrower’s personal income.
Single Family
Built in 1976
15.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37036, Charlotte, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,202 (77.1%) |
| Renter Occupied HU | 401 (14.0%) |
| Vacant Housing Units | 252 ( 8.8%) |
| Median Home Value | $297,139 |
| Average Home Value | $353,924 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,649
Multi-Family
24
Businesses
140
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