5001 Lakecrest DrCharlotteNC28215
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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 5001 Lakecrest Dr, Charlotte, NC, 28215 uses $65,803 cash to close to unlock $6,010/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,711/mo, and a $972/mo payment keeps the spread at $501/mo. Purchase price stands at $198,500, and rental yield measures 10.34% with $1,711/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 151.7% and total cumulative return in cash records $99,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,711/mo property income covering a $972/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28215, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,250 (100%) |
| Owner Occupied HU | 17,222 (63.2%) |
| Renter Occupied HU | 8,804 (32.3%) |
| Vacant Housing Units | 1,224 ( 4.5%) |
| Median Home Value | $363,343 |
| Average Home Value | $415,494 |
Housing Distribution
Address Breakdown
Residential
26,529
Single Family
22,961
Multi-Family
3,568
Businesses
847
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Listed by: Jordan Smith • Realty One Group Revolution
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331302