516 E Tremont AveCharlotteNC28203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 516 E Tremont Ave, Charlotte, NC, 28203 offers a 5.22% rental yield on a $1,549,000 purchase with $6,738/mo rent. 91% in year one. Equity gained on principal adds $9,995/yr while 5% annual appreciation supports $427,960 over five years. Portfolio math shows five-year ROI at 70.44% and total cumulative return in cash at $353,519. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,738/mo property income against a $7,582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.15 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry George • Dickens Mitchener & Associates Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294005