8820 First Run CtCharlotteNC28215
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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 8820 First Run Ct, Charlotte, NC, 28215 earns $229/mo cash flow from $2,459/mo rent with a $1,713/mo payment. Total monthly income totals $2,459/mo, and annual cash flow totals $2,748/yr on $116,025 capital. ROI tracks 22.28% on current figures, and rental yield reads 8.43% at a $349,999 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,698 over five years. Five-year ROI reaches 115.77% and total cumulative return in cash sums $134,318. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,459/mo property income instead of your personal income.
Single Family
Built in 2016
0.16 Acres lot
$N/A/sqft
$97 monthly 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: Ellen-Nora Deese • Ellen-Nora & CO Properties
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1176878
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