715 N Church St UNIT 507CharlotteNC28202
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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
Rental property for sale in Charlotte at 715 N Church St UNIT 507, Charlotte, NC, 28202 generates $2,053/mo in rent and, after a $1,444/mo payment, leaves $255/mo in cash flow. Total monthly income is $2,053/mo, and annual cash flow is $3,060/yr on $97,793 invested. Return on cash invested sits at 23.04% in year one, and rental yield is 8.35% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 119.48% and total cumulative return in cash sums $116,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,053/mo property income rather than buyer’s personal income.
Condo
Built in 2003
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: Dee Owens • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313109