413 Coxe AveCharlotteNC28208
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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 413 Coxe Ave, Charlotte, NC, 28208 priced at $1,200,000 converts $5,168/mo rent into after a $5,873/mo obligation. Total monthly income equals $5,168/mo. Return on cash invested prints 13.75% in year one, and rental yield reads 5.17% against a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation compiles into $331,538 by year five. Five-year ROI reaches 69.58% and total cumulative return in cash sums $270,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,168/mo property income covering a $5,873/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Taswell Lindsay • The Home Agency LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311690