5015 El Molino DrCharlotteNC28214
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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
Rental property for sale in Charlotte at 5015 El Molino Dr, Charlotte, NC, 28214 generates $3,824/mo in rent and, after a $2,937/mo payment, leaves $167/mo in cash flow. Total monthly income is $3,824/mo, and annual cash flow is $2,004/yr on $197,400 invested. Return on cash invested sits at 21.08% in year one, and rental yield is 7.65% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 108.93% and total cumulative return in cash sums $215,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,824/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28214, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,511 (100%) |
| Owner Occupied HU | 13,022 (70.3%) |
| Renter Occupied HU | 4,758 (25.7%) |
| Vacant Housing Units | 731 ( 3.9%) |
| Median Home Value | $356,899 |
| Average Home Value | $437,062 |
Housing Distribution
Address Breakdown
Residential
17,394
Single Family
17,156
Multi-Family
238
Businesses
454
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Listed by: Libby Gonyea • Helen Adams Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307425