5238 Downing Creek 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
Rental property for sale in Charlotte at 5238 Downing Creek Dr, Charlotte, NC, 28269 offers $2,851/mo rent that, after a $2,374/mo payment. Total monthly income is $2,851/mo. Return on cash invested measures 19.13% in year one, and rental yield stands at 7.05% at a $485,000 entry. Equity gained on principal adds $3,130/yr while 5% annual appreciation compounds into $133,997 by year five. Five-year ROI records 98.51% and total cumulative return in cash reaches $158,378. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,851/mo property income versus a $2,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.29 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: Ralph Harvey • Listwithfreedom.com Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313074