The Apollo: Build On Your Lot Plan, North Carolina: Build on your LotCharlotteNC28202
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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 The Apollo: Build On Your Lot Plan, North Carolina: Build on your Lot, Charlotte, NC, 28202 earns $229/mo cash flow from $3,414/mo rent with a $2,558/mo payment. Total monthly income totals $3,414/mo, and annual cash flow totals $2,746/yr on $171,957 capital. ROI tracks 21.66% on current figures, and rental yield reads 7.84% at a $522,665 purchase. Equity gained on principal adds $3,373/yr, and 5% annual appreciation supports $144,403 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $192,680. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,414/mo property income instead of your personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,577 (100%) |
| Owner Occupied HU | 2,361 (17.4%) |
| Renter Occupied HU | 9,420 (69.4%) |
| Vacant Housing Units | 1,796 (13.2%) |
| Median Home Value | $536,677 |
| Average Home Value | $631,626 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
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Listed by: N/A • Legacy Custom Steel Homes
Mls Name: Legacy Custom Steel Homes
Mls Provider:
Mls ID: #N/A