504 E Kingston AveCharlotteNC28203
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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 504 E Kingston Ave, Charlotte, NC, 28203 priced at $1,775,000 converts $7,186/mo rent into after a $8,688/mo obligation. Total monthly income equals $7,186/mo. Return on cash invested prints 12.79% in year one, and rental yield reads 4.86% against a $1,775,000 entry. Equity gained on principal adds $11,454/yr, while 5% annual appreciation compiles into $490,400 by year five. Five-year ROI reaches 64.44% and total cumulative return in cash sums $370,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,186/mo property income covering a $8,688/mo payment, not borrower’s personal income.
Single Family
Built in 1917
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
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Listed by: Lexie Longstreet • Savvy + Co Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302990