9323 John Russell RdCharlotteNC28215
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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 9323 John Russell Rd, Charlotte, NC, 28215 generates $2,740/mo in rent, after a $2,203/mo payment. Total monthly income is $2,740/mo. Return on cash invested sits at 19.59% in year one, and rental yield is 7.31% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 101.13% and total cumulative return in cash sums $150,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,740/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.14 Acres lot
$N/A/sqft
$109 quarterly 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: Britney Biles • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4214050
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-22 08:04:03 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)