740 Garden District DrCharlotteNC28202
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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 740 Garden District Dr, Charlotte, NC, 28202 priced at $410,000 pairs $2,484/mo rent with after a $2,007/mo payment. Total monthly income equals $2,484/mo. Return on cash invested is 19.78% in year one, and rental yield stands at 7.27% on a $410,000 basis. Equity gained on principal adds $2,646/yr, and 5% annual appreciation accumulates to $113,275 by year five. Five-year ROI measures 101.99% and total cumulative return in cash reaches $138,623. For financing, Ziffy Mortgage’s DSCR program evaluates $2,484/mo property income against a $2,007/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2001
0.01 Acres 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
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Listed by: Gitanjali Mathur • Howard Hanna Allen Tate Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283797