4605 Hedgemore Dr UNIT ICharlotteNC28209
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
Investment Highlights
Investment property for sale in Charlotte at 4605 Hedgemore Dr UNIT I, Charlotte, NC, 28209 listed at $339,500 pairs $2,308/mo rent with a $1,662/mo payment to leave $239/mo cash flow. Total monthly income runs $2,308/mo, and annual cash flow reaches $2,863/yr on $112,544 cash to close. Return on cash invested measures 22.45% in year one, and rental yield registers 8.16% at a $339,500 basis. Equity gained on principal adds $2,191/yr, and annual property appreciation at 5% supports $93,798 by year five. Five-year ROI tracks 116.36% and total cumulative return in cash totals $130,961. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,308/mo property income relative to a $1,662/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Sharpe • Southeastern Premier Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292889