402 W 8th StCharlotteNC28202
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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
Total monthly income runs $3,541/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 6.11% with $3,541/mo rent. Return on cash invested shows 16.41% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 83.92% and total cumulative return in cash records $191,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,541/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Townhouse
Built in 1921
0.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,577 (100%) |
| Owner Occupied HU | 2,361 (17.4%) |
| Renter Occupied HU | 9,420 (69.4%) |
| Vacant Housing Units | 1,796 (13.2%) |
| Median Home Value | $536,677 |
| Average Home Value | $631,626 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
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Listed by: Randy Cernohorsky • The McDevitt Agency
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4259156