819 Seigle Point DrCharlotteNC28204
INVESTMENT ANALYSIS
Investment Verdict
Solid Income819 Seigle Point Dr, Charlotte, NC, 28204 in Charlotte is a solid income-producing rental, 8.5% gross yield, $2,550/mo rent, $356/mo net cash flow on a $360,000 buy. DSCR 1.58 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $99,461 and $3,316/yr in principal reduction project a total cumulative return of $159,243.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.5% |
| Monthly Cash Flow | $356 | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,550 |
| Total Monthly Debt Service | $2,051 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Stone • Stone Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338251