649 Raphael PlCharlotteNC28205
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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 649 Raphael Pl, Charlotte, NC, 28205 listed at $450,000 pairs $3,126/mo rent with a $2,203/mo payment to leave $383/mo cash flow. Total monthly income runs $3,126/mo, and annual cash flow reaches $4,596/yr on $149,175 cash to close. Return on cash invested measures 22.99% in year one, and rental yield registers 8.34% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 119.23% and total cumulative return in cash totals $177,858. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,126/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: Ann Welchans • Progressive Urban Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4271651