633 Ideal WayCharlotteNC28203
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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 633 Ideal Way, Charlotte, NC, 28203 listed at $1,675,000 pairs $5,610/mo rent with a $8,198/mo payment. Total monthly income runs $5,610/mo. Return on cash invested measures 10.2% in year one, and rental yield registers 4.02% at a $1,675,000 basis. Equity gained on principal adds $10,809/yr, and annual property appreciation at 5% supports $462,772 by year five. Five-year ROI tracks 50.56% and total cumulative return in cash totals $274,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,610/mo property income relative to a $8,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2013
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28203, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,849 (100%) |
| Owner Occupied HU | 3,366 (20.0%) |
| Renter Occupied HU | 10,649 (63.2%) |
| Vacant Housing Units | 2,834 (16.8%) |
| Median Home Value | $804,390 |
| Average Home Value | $879,402 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
4,189
Multi-Family
7,374
Businesses
1,656
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Listed by: Bob Bunzey • ERA Live Moore
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302273