3805 Picasso CtCharlotteNC28205
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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 3805 Picasso Ct, Charlotte, NC, 28205 uses $125,639 cash to close to unlock $6,182/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $2,825/mo, and a $1,855/mo payment keeps the spread at $515/mo. Purchase price stands at $379,000, and rental yield measures 8.94% with $2,825/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 129.13% and total cumulative return in cash records $162,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,825/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: Grant Wilsterman • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335581