4109 Lurelin LnCharlotteNC28262
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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 4109 Lurelin Ln, Charlotte, NC, 28262 earns from $2,244/mo rent with a $1,693/mo payment. Total monthly income totals $2,244/mo. ROI tracks 19.39% on current figures, and rental yield reads 7.78% at a $345,990 purchase. Equity gained on principal adds $2,233/yr, and 5% annual appreciation supports $95,591 over five years. Five-year ROI reaches 100.66% and total cumulative return in cash sums $115,455. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,244/mo property income instead of your personal income.
Townhouse
Built in 2024
0.05 Acres lot
$N/A/sqft
$185 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Nearby investment properties with comparable prices
Listed by: Meka Martin • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4174198
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)