3015 Summercroft LnCharlotteNC28269
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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 3015 Summercroft Ln, Charlotte, NC, 28269 uses $72,930 cash to close to unlock $3,792/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,657/mo, and a $1,077/mo payment keeps the spread at $316/mo. Purchase price stands at $220,000, and rental yield measures 9.04% with $1,657/mo rent. Return on cash invested shows 25.11% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 130.58% and total cumulative return in cash records $95,231. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,657/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Townhouse
Built in 1995
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Valerie Castano • Howard Hanna Allen Tate Charlotte South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337143