616 E 16th St, Charlotte, NC, 28206 | 3.92% 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 616 E 16th St, Charlotte, NC, 28206 offers a 3.92% rental yield on a $614,900 purchase with $2,010/mo rent. 75% in year one. Equity gained on principal adds $3,968/yr while 5% annual appreciation supports $169,886 over five years. Portfolio math shows five-year ROI at 48.24% and total cumulative return in cash at $97,582. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,010/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA