3928 Craig AveCharlotteNC28211
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3928 Craig Ave, Charlotte, NC, 28211 in Charlotte. Rental yield 5.98%. At $505,990 with 5.98% gross yield, current distributions are modest, but the 5% appreciation rate projects $139,796 in new equity by year five, complemented by $4,660/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.11) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $140,390.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 5.5% |
| Monthly Cash Flow | $(814) | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,520 |
| Total Monthly Debt Service | $3,132 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2025
0.02 Acres lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2025
0.02 Acres lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenny Miller • David Weekley Homes
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4222339
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-22 12:04:02 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)