505 LagunillasCharlotteTX78011
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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 505 Lagunillas, Charlotte, TX, 78011 at $211,000 posts ROI 21.77% with $108/mo cash flow from $1,609/mo rent. Total monthly income equals $1,609/mo, and annual cash flow records $1,299/yr on $69,947 to close. Return on cash invested measures 21.77% and rental yield reads 9.15% at the current $211,000. Equity gained on principal adds $1,362/yr, and 5% annual appreciation supports $58,295 by year five. Five-year ROI prints 114.06% and total cumulative return in cash totals $79,781.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,609/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2021
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78011, Charlotte, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 586 (73.6%) |
| Renter Occupied HU | 112 (14.1%) |
| Vacant Housing Units | 98 (12.3%) |
| Median Home Value | $139,286 |
| Average Home Value | $257,048 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
58
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