505 E 6th St UNIT 908CharlotteNC28202
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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 505 E 6th St UNIT 908, Charlotte, NC, 28202 earns $662/mo cash flow from $2,795/mo rent with a $1,713/mo payment. Total monthly income totals $2,795/mo, and annual cash flow totals $7,945/yr on $115,992 capital. ROI tracks 26.76% on current figures, and rental yield reads 9.59% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 139.48% and total cumulative return in cash sums $161,790. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,795/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,577 (100%) |
| Owner Occupied HU | 2,361 (17.4%) |
| Renter Occupied HU | 9,420 (69.4%) |
| Vacant Housing Units | 1,796 (13.2%) |
| Median Home Value | $536,677 |
| Average Home Value | $631,626 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
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Listed by: Steven Onisick • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4272989