3209 Lilac Grove DrCharlotteNC28269
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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 3209 Lilac Grove Dr, Charlotte, NC, 28269 with 5% annual appreciation on a $401,725 basis while $2,394/mo rent supports operations. 42% in year one. Equity gained on principal adds $2,592/yr, and five-year appreciation sums $110,989 alongside rental yield of 7.15%. Five-year ROI measures 100.1% and total cumulative return in cash totals $133,301. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,394/mo property income versus a $1,966/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2024
N/A 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: Fran Kunkle • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A