622 Northcrest DrCharlotteNC28206
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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
Rental property for sale in Charlotte at 622 Northcrest Dr, Charlotte, NC, 28206 offers $1,183/mo rent that, after a $759/mo payment, leaves $238/mo cash flow. Total monthly income is $1,183/mo, and annual cash flow is $2,856/yr on $51,383 cash. Return on cash invested measures 25.47% in year one, and rental yield stands at 9.16% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 132.52% and total cumulative return in cash reaches $68,092. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,183/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.22 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Natalie Terry • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334373