18005 Nolita LnCharlotteNC28204
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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 18005 Nolita Ln, Charlotte, NC, 28204 generates $4,518/mo in rent and, after a $3,573/mo payment, leaves $69/mo in cash flow. Total monthly income is $4,518/mo, and annual cash flow is $828/yr on $240,170 invested. Return on cash invested sits at 20.41% in year one, and rental yield is 7.43% on a $730,000 entry. Equity gained on principal adds $4,711/yr, while 5% annual appreciation builds toward $201,686 over five years. Five-year ROI reaches 105.34% and total cumulative return in cash sums $252,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,518/mo property income rather than buyer’s personal income.
Townhouse
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28204, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,468 (100%) |
| Owner Occupied HU | 1,496 (23.1%) |
| Renter Occupied HU | 4,449 (68.8%) |
| Vacant Housing Units | 523 ( 8.1%) |
| Median Home Value | $687,766 |
| Average Home Value | $773,458 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
2,152
Multi-Family
3,979
Businesses
919
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Listed by: Caitlin Redmond • Berkshire Hathaway HomeServices Carolinas Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315443