553 Derrydowne DrCharlotteNC28213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 553 Derrydowne Dr, Charlotte, NC, 28213 offers a 10.69% rental yield on a $194,500 purchase with $1,733/mo rent. Total monthly income registers $1,733/mo, and a $952/mo payment leaves $548/mo available for distribution. Annual cash flow reaches $6,571/yr on $64,477 to close, and return on cash invested stands at 30.1% in year one. Equity gained on principal adds $1,255/yr while 5% annual appreciation supports $53,737 over five years. Portfolio math shows five-year ROI at 157.39% and total cumulative return in cash at $101,481. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,733/mo property income against a $952/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Polce • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324973