718 W Trade StCharlotteNC28202
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
Rental property for sale in Charlotte at 718 W Trade St, Charlotte, NC, 28202 priced at $290,100 converts $2,009/mo rent into after a $1,420/mo obligation. Total monthly income equals $2,009/mo. Return on cash invested prints 18.92% in year one, and rental yield reads 8.31% against a $290,100 entry. Equity gained on principal adds $1,872/yr, while 5% annual appreciation compiles into $80,149 by year five. Five-year ROI reaches 98.85% and total cumulative return in cash sums $95,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,009/mo property income covering a $1,420/mo payment, not borrower’s personal income.
Apartment
Built in 2000
N/A lot
$N/A/sqft
$320 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A