819 Seigle Point DrCharlotteNC28204
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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 819 Seigle Point Dr, Charlotte, NC, 28204 priced at $360,000 pairs $2,550/mo rent with $356/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,550/mo, and annual cash flow comes to $4,272/yr on $119,340 invested. Return on cash invested is 23.49% in year one, and rental yield stands at 8.5% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 121.9% and total cumulative return in cash reaches $145,473. For financing, Ziffy Mortgage’s DSCR program evaluates $2,550/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Listed by: Matt Stone • Stone Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338251