5111 Elementary View DrCharlotteNC28269
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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 5111 Elementary View Dr, Charlotte, NC, 28269 uses $153,153 cash to close to unlock $2,383/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $3,014/mo, and a $2,261/mo payment keeps the spread at $199/mo. Purchase price stands at $462,000, and rental yield measures 7.83% with $3,014/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $127,642 over five years. Five-year ROI reaches 111.07% and total cumulative return in cash records $170,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,014/mo property income covering a $2,261/mo payment rather than investor’s personal income.
Single Family
Built in 2012
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28269, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,862 (100%) |
| Owner Occupied HU | 20,483 (58.8%) |
| Renter Occupied HU | 12,839 (36.8%) |
| Vacant Housing Units | 1,540 ( 4.4%) |
| Median Home Value | $372,364 |
| Average Home Value | $427,626 |
Housing Distribution
Address Breakdown
Residential
34,806
Single Family
28,075
Multi-Family
6,731
Businesses
1,877
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Listed by: Kim Wilson • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305717