614 E 9th StCharlotteNC28202
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 614 E 9th St, Charlotte, NC, 28202 uses $127,462 cash to close to unlock $475/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,882/mo payment keeps the spread at $40/mo. Purchase price stands at $384,500, and rental yield measures 7.44% with $2,383/mo rent. Return on cash invested shows 20.28% in year one, and 5% annual appreciation builds toward $106,230 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash records $133,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,882/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,577 (100%) |
| Owner Occupied HU | 2,361 (17.4%) |
| Renter Occupied HU | 9,420 (69.4%) |
| Vacant Housing Units | 1,796 (13.2%) |
| Median Home Value | $536,677 |
| Average Home Value | $631,626 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Scott • Realty Dynamics Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290611