6841 Idlewild RdCharlotteNC28212
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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 6841 Idlewild Rd, Charlotte, NC, 28212 uses $112,710 cash to close to unlock $5,220/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $2,507/mo, and a $1,664/mo payment keeps the spread at $435/mo. Purchase price stands at $340,000, and rental yield measures 8.85% with $2,507/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 127.55% and total cumulative return in cash records $143,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,507/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28212, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 5,433 (31.5%) |
| Renter Occupied HU | 10,841 (62.9%) |
| Vacant Housing Units | 973 ( 5.6%) |
| Median Home Value | $284,300 |
| Average Home Value | $367,819 |
Housing Distribution
Address Breakdown
Residential
16,615
Single Family
9,068
Multi-Family
7,547
Businesses
727
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Listed by: Paul Sum • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328279