797 corlenaCharlotteTX78011
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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 797 corlena, Charlotte, TX, 78011 priced at $149,000 pairs $1,201/mo rent with $142/mo cash flow after a $729/mo payment. Total monthly income equals $1,201/mo, and annual cash flow comes to $1,701/yr on $49,394 invested. Return on cash invested is 23.35% in year one, and rental yield stands at 9.67% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 122.55% and total cumulative return in cash reaches $60,532. For financing, Ziffy Mortgage’s DSCR program evaluates $1,201/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78011, Charlotte, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 586 (73.6%) |
| Renter Occupied HU | 112 (14.1%) |
| Vacant Housing Units | 98 (12.3%) |
| Median Home Value | $139,286 |
| Average Home Value | $257,048 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
58
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Listed by: Mark Camarillo • STX Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1819475
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.