559 Tribune DrCharlotteNC28214
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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 559 Tribune Dr, Charlotte, NC, 28214 with 5% annual appreciation on a $300,000 basis while $2,203/mo rent supports operations. Total monthly income totals $2,203/mo and a $1,468/mo payment preserves $375/mo for cash returns. Annual cash flow comes to $4,500/yr on $99,450 deployed, and return on cash invested reaches 24.43% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.81%. Five-year ROI measures 126.97% and total cumulative return in cash totals $126,276.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,203/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Omar Zarate • Lifestyle International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314672