830 Cherokee RdCharlotteNC28207
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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 830 Cherokee Rd, Charlotte, NC, 28207 at $890,000 posts ROI 17.77% with from $4,864/mo rent. Total monthly income equals $4,864/mo. Return on cash invested measures 17.77% and rental yield reads 6.56% at the current $890,000. Equity gained on principal adds $5,743/yr, and 5% annual appreciation supports $245,891 by year five. Five-year ROI prints 91.18% and total cumulative return in cash totals $266,980. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,864/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1974
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28207, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,964 (100%) |
| Owner Occupied HU | 3,046 (76.8%) |
| Renter Occupied HU | 673 (17.0%) |
| Vacant Housing Units | 245 ( 6.2%) |
| Median Home Value | $1,365,653 |
| Average Home Value | $1,413,308 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
2,935
Multi-Family
1,323
Businesses
338
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Listed by: Jason Noblitt • Dickens Mitchener & Associates Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4278493