4814 Spring Lake Dr APT ECharlotteNC28212
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 4814 Spring Lake Dr APT E, Charlotte, NC, 28212 in Charlotte at $132,000 earns $991/mo in rent and nets $187/mo after the $594/mo payment, a 9.01% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $36,469 over five years. Ziffy Mortgage underwrites this on a 1.67 DSCR without U.S. credit history. With $1,216/yr in principal paydown, total projected return reaches $62,005.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.5% |
| Monthly Cash Flow | $187 | $420 |
City averages based on Charlotte market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $991 |
| Total Monthly Debt Service | $752 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28212, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 5,433 (31.5%) |
| Renter Occupied HU | 10,841 (62.9%) |
| Vacant Housing Units | 973 ( 5.6%) |
| Median Home Value | $284,300 |
| Average Home Value | $367,819 |
Housing Distribution
Address Breakdown
Residential
16,615
Single Family
9,068
Multi-Family
7,547
Businesses
727
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1981
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28212, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 5,433 (31.5%) |
| Renter Occupied HU | 10,841 (62.9%) |
| Vacant Housing Units | 973 ( 5.6%) |
| Median Home Value | $284,300 |
| Average Home Value | $367,819 |
Housing Distribution
Address Breakdown
Residential
16,615
Single Family
9,068
Multi-Family
7,547
Businesses
727
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Omar Zarate • Lifestyle International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314359