4902 Spring Lake Dr APT ECharlotteNC28212
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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 4902 Spring Lake Dr APT E, Charlotte, NC, 28212 earns from $1,180/mo rent with a $719/mo payment. Total monthly income totals $1,180/mo. ROI tracks 19.19% on current figures, and rental yield reads 9.63% at a $147,000 purchase. Equity gained on principal adds $949/yr, and 5% annual appreciation supports $40,613 over five years. Five-year ROI reaches 101.65% and total cumulative return in cash sums $49,536. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,180/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$314 monthly 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: Paula Evans • Evans Realty and Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4216996
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-22 05:59:05 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)