2913 Lake AveCharlotteNC28208
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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 2913 Lake Ave, Charlotte, NC, 28208 priced at $988,000 pairs $4,266/mo rent with after a $4,836/mo payment. Total monthly income equals $4,266/mo. Return on cash invested is 13.58% in year one, and rental yield stands at 5.18% on a $988,000 basis. Equity gained on principal adds $6,375/yr, and 5% annual appreciation accumulates to $272,966 by year five. Five-year ROI measures 68.74% and total cumulative return in cash reaches $223,444. For financing, Ziffy Mortgage’s DSCR program evaluates $4,266/mo property income against a $4,836/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.33 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: Brandy Byers • Henderson Ventures INC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4257278