3813 Old Wagon RdCharlotteNC28269
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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 3813 Old Wagon Rd, Charlotte, NC, 28269 listed at $295,000 pairs $2,398/mo rent with a $1,444/mo payment to leave $600/mo cash flow. Total monthly income runs $2,398/mo, and annual cash flow reaches $7,200/yr on $97,793 cash to close. Return on cash invested measures 27.27% in year one, and rental yield registers 9.75% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 142.2% and total cumulative return in cash totals $139,058. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,398/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.23 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: Hope Williams • D&H Williams Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302400