14018 Drake Watch LnCharlotteNC28262
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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 14018 Drake Watch Ln, Charlotte, NC, 28262 offers a 10.83% rental yield on a $256,000 purchase with $2,311/mo rent. Total monthly income registers $2,311/mo, and a $1,253/mo payment leaves $751/mo available for distribution. Annual cash flow reaches $9,010/yr on $84,864 to close, and return on cash invested stands at 30.53% in year one. Equity gained on principal adds $1,652/yr while 5% annual appreciation supports $70,728 over five years. Portfolio math shows five-year ROI at 159.66% and total cumulative return in cash at $135,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,311/mo property income against a $1,253/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
0.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Megan Ramsey • WEICHERT REALTORS-LKN Partners
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4268044