844 Squirrel Hill RdCharlotteNC28213
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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 844 Squirrel Hill Rd, Charlotte, NC, 28213 priced at $330,000 converts $2,173/mo rent into $162/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,173/mo, and annual cash flow totals $1,944/yr on $109,395 invested. Return on cash invested prints 21.69% in year one, and rental yield reads 7.9% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 112.24% and total cumulative return in cash sums $122,783. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,173/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: Kenneth Sok • Ken Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320408