8508 Highgate DrCharlotteNC28215
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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 8508 Highgate Dr, Charlotte, NC, 28215 generates $2,341/mo in rent and, after a $1,738/mo payment, leaves $177/mo in cash flow. Total monthly income is $2,341/mo, and annual cash flow is $2,124/yr on $117,683 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.91% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 112.39% and total cumulative return in cash sums $132,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,341/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28215, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,250 (100%) |
| Owner Occupied HU | 17,222 (63.2%) |
| Renter Occupied HU | 8,804 (32.3%) |
| Vacant Housing Units | 1,224 ( 4.5%) |
| Median Home Value | $363,343 |
| Average Home Value | $415,494 |
Housing Distribution
Address Breakdown
Residential
26,529
Single Family
22,961
Multi-Family
3,568
Businesses
847
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Listed by: Jappy Asrat • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311215