13518 Michael Lynn RdCharlotteNC28278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 13518 Michael Lynn Rd, Charlotte, NC, 28278 uses $142,545 cash to close to unlock $1,116/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $2,714/mo, and a $2,105/mo payment keeps the spread at $93/mo. Purchase price stands at $429,999, and rental yield measures 7.57% with $2,714/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 106.9% and total cumulative return in cash records $152,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,714/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28278, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,560 (100%) |
| Owner Occupied HU | 11,144 (67.3%) |
| Renter Occupied HU | 4,181 (25.2%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $516,060 |
| Average Home Value | $598,110 |
Housing Distribution
Address Breakdown
Residential
15,786
Single Family
13,840
Multi-Family
1,946
Businesses
560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Kantor • Ivester Jackson Distinctive Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4296739