477 Fenton PlCharlotteNC28207
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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 477 Fenton Pl, Charlotte, NC, 28207 listed at $1,595,000 pairs $5,200/mo rent with a $7,807/mo payment. Total monthly income runs $5,200/mo. Return on cash invested measures 9.87% in year one, and rental yield registers 3.91% at a $1,595,000 basis. Equity gained on principal adds $10,292/yr, and annual property appreciation at 5% supports $440,669 by year five. Five-year ROI tracks 48.79% and total cumulative return in cash totals $252,113. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,200/mo property income relative to a $7,807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
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Listed by: Victoria Mitchener • Dickens Mitchener & Associates Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333133