2996 Shady LnCharlotteNC28208
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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 2996 Shady Ln, Charlotte, NC, 28208 generates $2,507/mo in rent and, after a $1,627/mo payment, leaves $481/mo in cash flow. Total monthly income is $2,507/mo, and annual cash flow is $5,772/yr on $110,224 invested. Return on cash invested sits at 25.15% in year one, and rental yield is 9.05% on a $332,500 entry. Equity gained on principal adds $2,146/yr, while 5% annual appreciation builds toward $91,864 over five years. Five-year ROI reaches 130.8% and total cumulative return in cash sums $144,172. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
2.63 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: Brittany D'Errico • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320461