621 Reeves CtCharlotteNC28208
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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 621 Reeves Ct, Charlotte, NC, 28208 with 5% annual appreciation on a $235,000 basis while $1,828/mo rent supports operations. Total monthly income totals $1,828/mo and a $1,150/mo payment preserves $396/mo for cash returns. Annual cash flow comes to $4,752/yr on $77,903 deployed, and return on cash invested reaches 26.01% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 9.33%. Five-year ROI measures 135.42% and total cumulative return in cash totals $105,496.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,828/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Brittany Flannigan • SERHANT
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335409