4618 Thornwood RdCharlotteNC28213
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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 4618 Thornwood Rd, Charlotte, NC, 28213 uses $115,992 cash to close to unlock $4,153/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $2,479/mo, and a $1,713/mo payment keeps the spread at $346/mo. Purchase price stands at $349,900, and rental yield measures 8.5% with $2,479/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 121.97% and total cumulative return in cash records $141,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,479/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: Teresa Becker • NextHome Paramount
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315397