5224 Amity Springs DrCharlotteNC28212
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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 5224 Amity Springs Dr, Charlotte, NC, 28212 listed at $200,000 pairs $1,764/mo rent with a $979/mo payment to leave $545/mo cash flow. Total monthly income runs $1,764/mo, and annual cash flow reaches $6,540/yr on $66,300 cash to close. Return on cash invested measures 29.77% in year one, and rental yield registers 10.58% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 155.61% and total cumulative return in cash totals $103,172. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,764/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28212, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,247 (100%) |
| Owner Occupied HU | 5,433 (31.5%) |
| Renter Occupied HU | 10,841 (62.9%) |
| Vacant Housing Units | 973 ( 5.6%) |
| Median Home Value | $284,300 |
| Average Home Value | $367,819 |
Housing Distribution
Address Breakdown
Residential
16,615
Single Family
9,068
Multi-Family
7,547
Businesses
727
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Listed by: Michael Calabrese • Prism Properties & Development Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304791