4120 N Course DrCharlotteNC28277
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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 4120 N Course Dr, Charlotte, NC, 28277 priced at $295,000 pairs $1,968/mo rent with $170/mo cash flow after a $1,444/mo payment. Total monthly income equals $1,968/mo, and annual cash flow comes to $2,040/yr on $97,793 invested. Return on cash invested is 22% in year one, and rental yield stands at 8.01% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 113.89% and total cumulative return in cash reaches $111,374. For financing, Ziffy Mortgage’s DSCR program evaluates $1,968/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1990
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28277, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,769 (100%) |
| Owner Occupied HU | 19,073 (60.0%) |
| Renter Occupied HU | 11,197 (35.2%) |
| Vacant Housing Units | 1,499 ( 4.7%) |
| Median Home Value | $588,425 |
| Average Home Value | $647,277 |
Housing Distribution
Address Breakdown
Residential
31,868
Single Family
23,034
Multi-Family
8,834
Businesses
2,015
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Listed by: Joel Serepca • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312893