518 E 9th StCharlotteNC28202
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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 518 E 9th St, Charlotte, NC, 28202 offers a 7.85% rental yield on a $389,900 purchase with $2,552/mo rent. Total monthly income registers $2,552/mo, and a $1,908/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,113/yr on $129,252 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 111.5% and total cumulative return in cash at $144,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,552/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2000
0.04 Acres 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: Nicholas Grilli • United Real Estate-Queen City
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328040