2245 Electric LnCharlotteNC28205
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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 2245 Electric Ln, Charlotte, NC, 28205 earns $1,070/mo cash flow from $5,184/mo rent with a $3,304/mo payment. Total monthly income totals $5,184/mo, and annual cash flow totals $12,840/yr on $222,075 capital. ROI tracks 25.84% on current figures, and rental yield reads 9.22% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 134.49% and total cumulative return in cash sums $298,671. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,184/mo property income instead of your personal income.
Townhouse
Built in 2023
N/A 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: Patti Bourgoin • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340040