8137 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 8137 Cedar Glen Dr, Charlotte, NC, 28212 uses $57,548 cash to close to unlock $6,836/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,838/mo, and a $850/mo payment keeps the spread at $570/mo. Purchase price stands at $173,600, and rental yield measures 12.71% with $1,838/mo rent. Return on cash invested shows 31.79% in year one, and 5% annual appreciation builds toward $47,962 over five years. Five-year ROI reaches 168.02% and total cumulative return in cash records $96,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,838/mo property income covering a $850/mo payment rather than investor’s personal income.
Apartment
Built in 1984
1.48 Acres lot
$N/A/sqft
$210 monthly 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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