5557 Seths DrCharlotteNC28269
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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 5557 Seths Dr, Charlotte, NC, 28269 offers a 11.29% rental yield on a $206,500 purchase with $1,943/mo rent. Total monthly income registers $1,943/mo, and a $1,011/mo payment leaves $684/mo available for distribution. Annual cash flow reaches $8,210/yr on $68,455 to close, and return on cash invested stands at 31.9% in year one. Equity gained on principal adds $1,333/yr while 5% annual appreciation supports $57,052 over five years. Portfolio math shows five-year ROI at 167.09% and total cumulative return in cash at $114,381. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,943/mo property income against a $1,011/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Alena Dube • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295667