520 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 520 Lewis Ln, Charlotte, TN, 37036 with 5% annual appreciation on a $296,100 basis while $2,647/mo rent supports operations. Total monthly income totals $2,647/mo and a $1,449/mo payment preserves $875/mo for cash returns. Annual cash flow comes to $10,497/yr on $98,157 deployed, and return on cash invested reaches 30.6% in year one. Equity gained on principal adds $1,911/yr, and five-year appreciation sums $81,807 alongside rental yield of 10.73%. Five-year ROI measures 159.93% and total cumulative return in cash totals $156,983.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,647/mo property income versus a $1,449/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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