1501 Lanewood PlCharlotteNC28208
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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 1501 Lanewood Pl, Charlotte, NC, 28208 uses $101,108 cash to close to unlock $6,084/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $2,366/mo, and a $1,493/mo payment keeps the spread at $507/mo. Purchase price stands at $305,000, and rental yield measures 9.31% with $2,366/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 134.98% and total cumulative return in cash records $136,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,366/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28208, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,659 (100%) |
| Owner Occupied HU | 6,538 (33.3%) |
| Renter Occupied HU | 11,065 (56.3%) |
| Vacant Housing Units | 2,056 (10.5%) |
| Median Home Value | $235,220 |
| Average Home Value | $316,487 |
Housing Distribution
Address Breakdown
Residential
17,498
Single Family
14,332
Multi-Family
3,166
Businesses
1,696
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Listed by: Anh Young • Sidden And Associates Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299694