5009 Bilbao CvCharlotteNC28214
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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 5009 Bilbao Cv, Charlotte, NC, 28214 offers $2,262/mo rent that, after a $2,176/mo payment. Total monthly income is $2,262/mo. Return on cash invested measures 16.27% in year one, and rental yield stands at 6.11% at a $444,610 entry. Equity gained on principal adds $2,869/yr while 5% annual appreciation compounds into $122,838 by year five. Five-year ROI records 83.19% and total cumulative return in cash reaches $122,610. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,262/mo property income versus a $2,176/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Paul Berardi • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A