604 E 16th St, Charlotte, NC, 28206 | 3.14% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlotte at 604 E 16th St, Charlotte, NC, 28206 earns from $2,010/mo rent with a $3,759/mo payment. Total monthly income totals $2,010/mo. ROI tracks 7.38% on current figures, and rental yield reads 3.14% at a $768,000 purchase. Equity gained on principal adds $4,956/yr, and 5% annual appreciation supports $212,184 over five years. Five-year ROI reaches 35.49% and total cumulative return in cash sums $89,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,010/mo property income instead of your personal income.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA