721 Charles AveCharlotteNC28205
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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 721 Charles Ave, Charlotte, NC, 28205 generates $6,510/mo in rent, after a $8,269/mo payment. Total monthly income is $6,510/mo. Return on cash invested sits at 12.07% in year one, and rental yield is 4.62% on a $1,689,500 entry. Equity gained on principal adds $10,902/yr, while 5% annual appreciation builds toward $466,778 over five years. Five-year ROI reaches 60.58% and total cumulative return in cash sums $331,595. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,510/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: Missy Bagley • Grandfather Homes Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325616