775 Garden District Dr #5106CharlotteNC28202
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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
Investment property for sale in Charlotte at 775 Garden District Dr #5106, Charlotte, NC, 28202 uses $107,738 cash to close to unlock $6,708/yr annual cash flow and $559/mo monthly cash flow. Total monthly income runs $2,540/mo, and a $1,591/mo payment keeps the spread at $559/mo. Purchase price stands at $325,000, and rental yield measures 9.38% with $2,540/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 136.1% and total cumulative return in cash records $146,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A 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: Phil Puma • Puma & Associates Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333648