5907 Faron WayCharlotteNC28262
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 5907 Faron Way, Charlotte, NC, 28262 earns $341/mo cash flow from $2,442/mo rent with a $1,687/mo payment. Total monthly income totals $2,442/mo, and annual cash flow totals $4,097/yr on $114,256 capital. ROI tracks 23.49% on current figures, and rental yield reads 8.5% at a $344,665 purchase. Equity gained on principal adds $2,224/yr, and 5% annual appreciation supports $95,225 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash sums $139,339. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,442/mo property income instead of your personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa & Tricia - Online Concierge Team • D.R. Horton - Charlotte North
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A