700 McAlway RdCharlotteNC28211
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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 700 McAlway Rd, Charlotte, NC, 28211 earns from $5,307/mo rent with a $8,805/mo payment. Total monthly income totals $5,307/mo. ROI tracks 8.72% on current figures, and rental yield reads 3.54% at a $1,799,000 purchase. Equity gained on principal adds $11,609/yr, and 5% annual appreciation supports $497,031 over five years. Five-year ROI reaches 42.64% and total cumulative return in cash sums $248,541. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,307/mo property income instead of your personal income.
Townhouse
Built in 2024
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
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Listed by: Patty Shropshire • Ivester Jackson Christie's
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4339888