918 McAlway Rd APT BCharlotteNC28211
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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 918 McAlway Rd APT B, Charlotte, NC, 28211 uses $64,477 cash to close to unlock $4,219/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $952/mo payment keeps the spread at $352/mo. Purchase price stands at $194,500, and rental yield measures 9.48% with $1,537/mo rent. Return on cash invested shows 26.45% in year one, and 5% annual appreciation builds toward $53,737 over five years. Five-year ROI reaches 137.83% and total cumulative return in cash records $88,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $952/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28211, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,668 (100%) |
| Owner Occupied HU | 8,347 (53.3%) |
| Renter Occupied HU | 6,182 (39.5%) |
| Vacant Housing Units | 1,139 ( 7.3%) |
| Median Home Value | $764,751 |
| Average Home Value | $930,315 |
Housing Distribution
Address Breakdown
Residential
15,274
Single Family
10,625
Multi-Family
4,649
Businesses
981
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Listed by: Cassandra Stone • My Townhome
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298989