509 Clement Ave APT 5CharlotteNC28204
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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 509 Clement Ave APT 5, Charlotte, NC, 28204 earns from $2,020/mo rent with a $1,757/mo payment. Total monthly income totals $2,020/mo. ROI tracks 18.22% on current figures, and rental yield reads 6.75% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 93.68% and total cumulative return in cash sums $111,487. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,020/mo property income instead of your personal income.
Condo
Built in 1914
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
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Listed by: Bobby Sisk • Nestlewood Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305816