2039 Lanier AveCharlotteNC28205
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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 2039 Lanier Ave, Charlotte, NC, 28205 priced at $733,500 pairs $2,629/mo rent with after a $3,590/mo payment. Total monthly income equals $2,629/mo. Return on cash invested is 10.9% in year one, and rental yield stands at 4.3% on a $733,500 basis. Equity gained on principal adds $4,733/yr, and 5% annual appreciation accumulates to $202,653 by year five. Five-year ROI measures 54.39% and total cumulative return in cash reaches $131,265. For financing, Ziffy Mortgage’s DSCR program evaluates $2,629/mo property income against a $3,590/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1926
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28205, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,956 (100%) |
| Owner Occupied HU | 9,880 (38.1%) |
| Renter Occupied HU | 14,310 (55.1%) |
| Vacant Housing Units | 1,766 ( 6.8%) |
| Median Home Value | $504,731 |
| Average Home Value | $571,606 |
Housing Distribution
Address Breakdown
Residential
25,561
Single Family
20,489
Multi-Family
5,072
Businesses
1,729
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Listed by: N/A • N/A
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