525 E 6th St UNIT 201CharlotteNC28202
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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 525 E 6th St UNIT 201, Charlotte, NC, 28202 generates $1,800/mo in rent and, after a $1,145/mo payment, leaves $131/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $1,576/yr on $77,538 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 9.23% on a $233,900 entry. Equity gained on principal adds $1,509/yr, while 5% annual appreciation builds toward $64,622 over five years. Five-year ROI reaches 115.03% and total cumulative return in cash sums $89,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$243 monthly 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: Scott Reed • Highgarden Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4164962
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)