568 Lex DrCharlotteNC28262
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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 568 Lex Dr, Charlotte, NC, 28262 at $241,000 posts ROI 29.56% with $643/mo cash flow from $2,112/mo rent. Total monthly income equals $2,112/mo, and annual cash flow records $7,714/yr on $79,892 to close. Return on cash invested measures 29.56% and rental yield reads 10.52% at the current $241,000. Equity gained on principal adds $1,555/yr, and 5% annual appreciation supports $66,584 by year five. Five-year ROI prints 154.5% and total cumulative return in cash totals $123,436.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,112/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1990
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28262, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,572 (100%) |
| Owner Occupied HU | 6,674 (24.2%) |
| Renter Occupied HU | 17,684 (64.1%) |
| Vacant Housing Units | 3,214 (11.7%) |
| Median Home Value | $354,495 |
| Average Home Value | $431,493 |
Housing Distribution
Address Breakdown
Residential
24,274
Single Family
15,024
Multi-Family
9,250
Businesses
1,546
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Listed by: Steven Zheng • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309017