601 Lex DrCharlotteNC28262
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
Rental property for sale in Charlotte at 601 Lex Dr, Charlotte, NC, 28262 priced at $220,000 pairs $2,030/mo rent with $689/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,030/mo, and annual cash flow comes to $8,268/yr on $72,930 invested. Return on cash invested is 31.25% in year one, and rental yield stands at 11.07% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 163.5% and total cumulative return in cash reaches $119,243. For financing, Ziffy Mortgage’s DSCR program evaluates $2,030/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patty Overby • Thrive Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325138