734 Charter PlCharlotteNC28211
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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 734 Charter Pl, Charlotte, NC, 28211 priced at $530,000 pairs $3,438/mo rent with $208/mo cash flow after a $2,594/mo payment. Total monthly income equals $3,438/mo, and annual cash flow comes to $2,496/yr on $174,370 invested. Return on cash invested is 21.49% in year one, and rental yield stands at 7.78% on a $530,000 basis. Equity gained on principal adds $3,420/yr, and 5% annual appreciation accumulates to $146,429 by year five. Five-year ROI measures 111.16% and total cumulative return in cash reaches $193,831. For financing, Ziffy Mortgage’s DSCR program evaluates $3,438/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
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Listed by: Richard Haake • Lionheart Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334136