8029 Cedar Glen DrCharlotteNC28212
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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 8029 Cedar Glen Dr, Charlotte, NC, 28212 with 5% annual appreciation on a $169,000 basis while $1,307/mo rent supports operations. Total monthly income totals $1,307/mo and a $827/mo payment preserves $277/mo for cash returns. Annual cash flow comes to $3,326/yr on $56,024 deployed, and return on cash invested reaches 25.85% in year one. Equity gained on principal adds $1,091/yr, and five-year appreciation sums $46,692 alongside rental yield of 9.28%. Five-year ROI measures 134.63% and total cumulative return in cash totals $75,427.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,307/mo property income versus a $827/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28212, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 5,433 (31.5%) |
| Renter Occupied HU | 10,841 (62.9%) |
| Vacant Housing Units | 973 ( 5.6%) |
| Median Home Value | $284,300 |
| Average Home Value | $367,819 |
Housing Distribution
Address Breakdown
Residential
16,615
Single Family
9,068
Multi-Family
7,547
Businesses
727
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Listed by: Sam Palanivel • ERA Live Moore
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316633