5617 Fairview Rd APT 5CharlotteNC28209
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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 5617 Fairview Rd APT 5, Charlotte, NC, 28209 uses $119,837 cash to close to unlock $4,814/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $2,604/mo, and a $1,769/mo payment keeps the spread at $401/mo. Purchase price stands at $361,500, and rental yield measures 8.64% with $2,604/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $99,876 over five years. Five-year ROI reaches 124.28% and total cumulative return in cash records $148,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,604/mo property income covering a $1,769/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28209, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 6,194 (42.5%) |
| Renter Occupied HU | 6,995 (48.0%) |
| Vacant Housing Units | 1,393 ( 9.6%) |
| Median Home Value | $671,401 |
| Average Home Value | $794,219 |
Housing Distribution
Address Breakdown
Residential
13,910
Single Family
8,554
Multi-Family
5,356
Businesses
972
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Listed by: Logan Smith • ProStead Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316500