610 Milan Rd ECharlotteNC28216
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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 610 Milan Rd E, Charlotte, NC, 28216 earns $372/mo cash flow from $1,993/mo rent with a $1,302/mo payment. Total monthly income totals $1,993/mo, and annual cash flow totals $4,462/yr on $88,162 capital. ROI tracks 24.97% on current figures, and rental yield reads 8.99% at a $265,950 purchase. Equity gained on principal adds $1,716/yr, and 5% annual appreciation supports $73,477 over five years. Five-year ROI reaches 129.87% and total cumulative return in cash sums $114,494. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,993/mo property income instead of your personal income.
Single Family
Built in 1971
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Listed by: Eunice Dyle • Dyle Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4113717
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)