728 Dedmon DrCharlotteNC28216
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 728 Dedmon Dr, Charlotte, NC, 28216 priced at $195,000 pairs $2,222/mo rent with $1,034/mo cash flow after a $954/mo payment. Total monthly income equals $2,222/mo, and annual cash flow comes to $12,408/yr on $64,643 invested. Return on cash invested is 39.1% in year one, and rental yield stands at 13.67% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 205.65% and total cumulative return in cash reaches $132,934. For financing, Ziffy Mortgage’s DSCR program evaluates $2,222/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28216, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,978 (100%) |
| Owner Occupied HU | 12,509 (48.2%) |
| Renter Occupied HU | 11,488 (44.2%) |
| Vacant Housing Units | 1,981 ( 7.6%) |
| Median Home Value | $327,616 |
| Average Home Value | $375,376 |
Housing Distribution
Address Breakdown
Residential
24,907
Single Family
21,061
Multi-Family
3,846
Businesses
1,541
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Nearby investment properties with comparable prices
Listed by: Matthew Woodhouse • Southern Nest Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4253361