364 Viburnum Way CtCharlotteNC28208
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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 364 Viburnum Way Ct, Charlotte, NC, 28208 with 5% annual appreciation on a $599,999 basis while $4,243/mo rent supports operations. Total monthly income totals $4,243/mo and a $2,937/mo payment preserves $586/mo for cash returns. Annual cash flow comes to $7,032/yr on $197,400 deployed, and return on cash invested reaches 23.62% in year one. Equity gained on principal adds $3,872/yr, and five-year appreciation sums $165,769 alongside rental yield of 8.49%. Five-year ROI measures 122.59% and total cumulative return in cash totals $241,991.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,243/mo property income versus a $2,937/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Eric Liebich • Dane Warren Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329450