524 Wakefield Dr APT ACharlotteNC28209
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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 524 Wakefield Dr APT A, Charlotte, NC, 28209 with 5% annual appreciation on a $304,900 basis while $1,990/mo rent supports operations. Total monthly income totals $1,990/mo and a $1,492/mo payment preserves $132/mo for cash returns. Annual cash flow comes to $1,585/yr on $101,074 deployed, and return on cash invested reaches 21.48% in year one. Equity gained on principal adds $1,967/yr, and five-year appreciation sums $84,238 alongside rental yield of 7.83%. Five-year ROI measures 111.18% and total cumulative return in cash totals $112,370.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,990/mo property income versus a $1,492/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1945
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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Listed by: Kim Long • Century 21 Murphy & Rudolph
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329255