521 Donatello AveCharlotteNC28205
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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 521 Donatello Ave, Charlotte, NC, 28205 priced at $339,000 pairs $2,111/mo rent with $45/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,111/mo, and annual cash flow comes to $542/yr on $112,379 invested. Return on cash invested is 20.39% in year one, and rental yield stands at 7.47% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 105.33% and total cumulative return in cash reaches $118,372. For financing, Ziffy Mortgage’s DSCR program evaluates $2,111/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: Nick Huscroft • Chosen Realty of NC LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4255002