4823 Spring Lake Dr APT ACharlotteNC28212
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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 4823 Spring Lake Dr APT A, Charlotte, NC, 28212 listed at $138,000 pairs $1,061/mo rent with a $675/mo payment to leave $220/mo cash flow. Total monthly income runs $1,061/mo, and annual cash flow reaches $2,645/yr on $45,747 cash to close. Return on cash invested measures 25.69% in year one, and rental yield registers 9.23% at a $138,000 basis. Equity gained on principal adds $890/yr, and annual property appreciation at 5% supports $38,127 by year five. Five-year ROI tracks 133.79% and total cumulative return in cash totals $61,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,061/mo property income relative to a $675/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A 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
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Listed by: Carol Hamlet • Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331709