526 Porter StCharlotteNC28208
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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 526 Porter St, Charlotte, NC, 28208 with 5% annual appreciation on a $260,000 basis while $2,132/mo rent supports operations. Total monthly income totals $2,132/mo and a $1,273/mo payment preserves $547/mo for cash returns. Annual cash flow comes to $6,564/yr on $86,190 deployed, and return on cash invested reaches 27.52% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 9.84%. Five-year ROI measures 143.56% and total cumulative return in cash totals $123,737.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,132/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Nkeru Froneberger • Froneberger Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297919