518 Lewis LnCharlotteTN37036
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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 518 Lewis Ln, Charlotte, TN, 37036 uses $104,157 cash to close to unlock $12,660/yr annual cash flow and $1,055/mo monthly cash flow. Total monthly income runs $2,936/mo, and a $1,538/mo payment keeps the spread at $1,055/mo. Purchase price stands at $314,200, and rental yield measures 11.21% with $2,936/mo rent. Return on cash invested shows 32.06% in year one, and 5% annual appreciation builds toward $86,808 over five years. Five-year ROI reaches 167.74% and total cumulative return in cash records $174,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,936/mo property income covering a $1,538/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37036, Charlotte, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,202 (77.1%) |
| Renter Occupied HU | 401 (14.0%) |
| Vacant Housing Units | 252 ( 8.8%) |
| Median Home Value | $297,139 |
| Average Home Value | $353,924 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,649
Multi-Family
24
Businesses
140
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