8039 Charter Oak LnCharlotteNC28226
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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 8039 Charter Oak Ln, Charlotte, NC, 28226 uses $92,820 cash to close to unlock $888/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $1,780/mo, and a $1,370/mo payment keeps the spread at $74/mo. Purchase price stands at $280,000, and rental yield measures 7.63% with $1,780/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 107.84% and total cumulative return in cash records $100,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,780/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Townhouse
Built in 1981
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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Listed by: Angelica Balashova • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330793