404 N Laurel Ave APT 16CharlotteNC28204
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
Investment Highlights
Investment property for sale in Charlotte at 404 N Laurel Ave APT 16, Charlotte, NC, 28204 uses $91,163 cash to close to unlock $7,080/yr annual cash flow and $590/mo monthly cash flow. Total monthly income runs $2,266/mo, and a $1,346/mo payment keeps the spread at $590/mo. Purchase price stands at $275,000, and rental yield measures 9.89% with $2,266/mo rent. Return on cash invested shows 27.68% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 144.33% and total cumulative return in cash records $131,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,266/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vivian Munson • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333095