415 W 7th St UNIT FCharlotteNC28202
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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
Investment Highlights
Rental property for sale in Charlotte at 415 W 7th St UNIT F, Charlotte, NC, 28202 offers $1,812/mo rent that, after a $1,430/mo payment, leaves $31/mo cash flow. Total monthly income is $1,812/mo, and annual cash flow is $378/yr on $96,831 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 7.44% at a $292,100 entry. Equity gained on principal adds $1,885/yr while 5% annual appreciation compounds into $80,702 by year five. Five-year ROI records 104.82% and total cumulative return in cash reaches $101,500. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,812/mo property income versus a $1,430/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,577 (100%) |
| Owner Occupied HU | 2,361 (17.4%) |
| Renter Occupied HU | 9,420 (69.4%) |
| Vacant Housing Units | 1,796 (13.2%) |
| Median Home Value | $536,677 |
| Average Home Value | $631,626 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A