8715 Parkchester DrCharlotteNC28277
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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 8715 Parkchester Dr, Charlotte, NC, 28277 earns $94/mo cash flow from $3,354/mo rent with a $2,618/mo payment. Total monthly income totals $3,354/mo, and annual cash flow totals $1,129/yr on $175,982 capital. ROI tracks 20.7% on current figures, and rental yield reads 7.52% at a $534,900 purchase. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,783 over five years. Five-year ROI reaches 106.96% and total cumulative return in cash sums $188,229. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,354/mo property income instead of your personal income.
Single Family
Built in 1987
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28277, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,769 (100%) |
| Owner Occupied HU | 19,073 (60.0%) |
| Renter Occupied HU | 11,197 (35.2%) |
| Vacant Housing Units | 1,499 ( 4.7%) |
| Median Home Value | $588,425 |
| Average Home Value | $647,277 |
Housing Distribution
Address Breakdown
Residential
31,868
Single Family
23,034
Multi-Family
8,834
Businesses
2,015
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Listed by: Samuel Grogan • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288901