402 Sardis Rd NCharlotteNC28270
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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
Rental property for sale in Charlotte at 402 Sardis Rd N, Charlotte, NC, 28270 offers $3,864/mo rent that, after a $3,597/mo payment. Total monthly income is $3,864/mo. Return on cash invested measures 17.01% in year one, and rental yield stands at 6.31% at a $734,900 entry. Equity gained on principal adds $4,742/yr while 5% annual appreciation compounds into $203,039 by year five. Five-year ROI records 87.14% and total cumulative return in cash reaches $210,689. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,864/mo property income versus a $3,597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28270, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,991 (100%) |
| Owner Occupied HU | 9,562 (68.3%) |
| Renter Occupied HU | 4,021 (28.7%) |
| Vacant Housing Units | 408 ( 2.9%) |
| Median Home Value | $576,549 |
| Average Home Value | $604,243 |
Housing Distribution
Address Breakdown
Residential
13,484
Single Family
10,674
Multi-Family
2,810
Businesses
305
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Listed by: Kristen Hall • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321356