1630 Pamela Lorraine DrCharlotteNC28213
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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 1630 Pamela Lorraine Dr, Charlotte, NC, 28213 generates $1,988/mo in rent and, after a $1,186/mo payment, leaves $511/mo in cash flow. Total monthly income is $1,988/mo, and annual cash flow is $6,133/yr on $80,356 invested. Return on cash invested sits at 27.54% in year one, and rental yield is 9.84% on a $242,400 entry. Equity gained on principal adds $1,564/yr, while 5% annual appreciation builds toward $66,971 over five years. Five-year ROI reaches 143.71% and total cumulative return in cash sums $115,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,988/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28213, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,061 (100%) |
| Owner Occupied HU | 8,733 (41.5%) |
| Renter Occupied HU | 10,852 (51.5%) |
| Vacant Housing Units | 1,476 ( 7.0%) |
| Median Home Value | $335,034 |
| Average Home Value | $377,005 |
Housing Distribution
Address Breakdown
Residential
21,104
Single Family
15,335
Multi-Family
5,769
Businesses
1,143
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A