4923 Park Rd APT ACharlotteNC28209
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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 4923 Park Rd APT A, Charlotte, NC, 28209 earns $542/mo cash flow from $1,999/mo rent with a $1,170/mo payment. Total monthly income totals $1,999/mo, and annual cash flow totals $6,506/yr on $79,229 capital. ROI tracks 28.12% on current figures, and rental yield reads 10.04% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 146.8% and total cumulative return in cash sums $116,304. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,999/mo property income instead of your personal income.
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
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Listed by: Stephanie Hartman • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284732