638 E 10th 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 638 E 10th St, Charlotte, NC, 28202 earns from $3,214/mo rent with a $2,594/mo payment. Total monthly income totals $3,214/mo. ROI tracks 19.95% on current figures, and rental yield reads 7.28% at a $529,900 purchase. Equity gained on principal adds $3,419/yr, and 5% annual appreciation supports $146,402 over five years. Five-year ROI reaches 102.92% and total cumulative return in cash sums $179,435. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,214/mo property income instead of your personal income.
Townhouse
Built in 2002
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: Mike Bassett • Bassett Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331368