409 Queens Rd #101CharlotteNC28207
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 409 Queens Rd #101, Charlotte, NC, 28207 in Charlotte worth study. Rental yield 1.97%. The 1.97% gross yield is below cash-flow benchmarks at $1,995,000, but 5% annual appreciation, adding $551,182 over five years, frames this as a capital growth position. Rent of $3,270/mo partially offsets the $8,971/mo payment. Ziffy Mortgage finances appreciation-play properties (0.36 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $183,626.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2% | 5.5% |
| Monthly Cash Flow | $(9,589) | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,270 |
| Total Monthly Debt Service | $11,365 |
| DSCR Ratio | 0.29x |
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.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
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
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becca Waybright • Helen Adams Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4342814