3735 Ernie DrCharlotteNC28269
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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 3735 Ernie Dr, Charlotte, NC, 28269 uses $122,655 cash to close to unlock $1,944/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $2,417/mo, and a $1,811/mo payment keeps the spread at $162/mo. Purchase price stands at $370,000, and rental yield measures 7.84% with $2,417/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 111.21% and total cumulative return in cash records $136,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,417/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 2016
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Heba Alkhatib • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330253