704 N Davidson StCharlotteNC28202
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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 704 N Davidson St, Charlotte, NC, 28202 uses $91,163 cash to close to unlock $1,932/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,837/mo, and a $1,346/mo payment keeps the spread at $161/mo. Purchase price stands at $275,000, and rental yield measures 8.02% with $1,837/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 114.07% and total cumulative return in cash records $103,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,837/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 2004
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
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Listed by: Jonathan Diianni • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301071