3201 Johnny Cake LnCharlotteNC28226
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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 3201 Johnny Cake Ln, Charlotte, NC, 28226 priced at $1,799,900 converts $7,542/mo rent into after a $8,810/mo obligation. Total monthly income equals $7,542/mo. Return on cash invested prints 13.32% in year one, and rental yield reads 5.03% against a $1,799,900 entry. Equity gained on principal adds $11,614/yr, while 5% annual appreciation compiles into $497,279 by year five. Five-year ROI reaches 67.27% and total cumulative return in cash sums $392,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,542/mo property income covering a $8,810/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28226, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,064 (100%) |
| Owner Occupied HU | 11,384 (66.7%) |
| Renter Occupied HU | 5,016 (29.4%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $595,891 |
| Average Home Value | $673,224 |
Housing Distribution
Address Breakdown
Residential
17,625
Single Family
12,619
Multi-Family
5,006
Businesses
1,122
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Listed by: Linda Marucci • BSI Builder Services
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307984