718 Trade St #105CharlotteNC28202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 718 Trade St #105, Charlotte, NC, 28202 earns $150/mo cash flow from $2,584/mo rent with a $1,955/mo payment. Total monthly income totals $2,584/mo, and annual cash flow totals $1,795/yr on $132,434 capital. ROI tracks 21.26% on current figures, and rental yield reads 7.76% at a $399,500 purchase. Equity gained on principal adds $2,578/yr, and 5% annual appreciation supports $110,374 over five years. Five-year ROI reaches 109.99% and total cumulative return in cash sums $145,659. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,584/mo property income instead of your personal income.
Condo
Built in 2000
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Dayton • Helen Adams Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4265014