5308 Waverly Lynn LnCharlotteNC28269
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5308 Waverly Lynn Ln, Charlotte, NC, 28269 uses $106,378 cash to close to unlock $10,319/yr annual cash flow and $860/mo monthly cash flow. Total monthly income runs $2,816/mo, and a $1,571/mo payment keeps the spread at $860/mo. Purchase price stands at $320,900, and rental yield measures 10.53% with $2,816/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $88,659 over five years. Five-year ROI reaches 154.73% and total cumulative return in cash records $164,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,816/mo property income covering a $1,571/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A