404 N Laurel Ave APT 28CharlotteNC28204
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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 404 N Laurel Ave APT 28, Charlotte, NC, 28204 offers a 9.12% rental yield on a $309,000 purchase with $2,348/mo rent. Total monthly income registers $2,348/mo, and a $1,512/mo payment leaves $465/mo available for distribution. Annual cash flow reaches $5,582/yr on $102,434 to close, and return on cash invested stands at 25.36% in year one. Equity gained on principal adds $1,994/yr while 5% annual appreciation supports $85,371 over five years. Portfolio math shows five-year ROI at 131.96% and total cumulative return in cash at $135,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,348/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Ryan Palmer • Corcoran HM Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4303339