5007 Sharon Rd UNIT OCharlotteNC28210
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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
Rental property for sale in Charlotte at 5007 Sharon Rd UNIT O, Charlotte, NC, 28210 priced at $264,000 pairs $2,065/mo rent with $456/mo cash flow after a $1,292/mo payment. Total monthly income equals $2,065/mo, and annual cash flow comes to $5,474/yr on $87,516 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 9.39% on a $264,000 basis. Equity gained on principal adds $1,704/yr, and 5% annual appreciation accumulates to $72,938 by year five. Five-year ROI measures 136.31% and total cumulative return in cash reaches $119,293. For financing, Ziffy Mortgage’s DSCR program evaluates $2,065/mo property income against a $1,292/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
0.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28210, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,370 (100%) |
| Owner Occupied HU | 11,518 (51.5%) |
| Renter Occupied HU | 9,867 (44.1%) |
| Vacant Housing Units | 985 ( 4.4%) |
| Median Home Value | $546,589 |
| Average Home Value | $622,591 |
Housing Distribution
Address Breakdown
Residential
22,259
Single Family
12,348
Multi-Family
9,911
Businesses
860
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Listed by: Stephone Johnson • EMJ Realty & Asset Services Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309105