414 New Bern Station CtCharlotteNC28209
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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 414 New Bern Station Ct, Charlotte, NC, 28209 with 5% annual appreciation on a $315,000 basis while $1,942/mo rent supports operations. Total monthly income totals $1,942/mo and a $1,542/mo payment preserves $22/mo for cash returns. Annual cash flow comes to $264/yr on $104,423 deployed, and return on cash invested reaches 20.16% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 7.4%. Five-year ROI measures 104.05% and total cumulative return in cash totals $108,653.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,942/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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Listed by: Jeffrey Clay • JClay Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332261