7340 Lakefront Dr UNIT 12CharlotteNC28278
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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 7340 Lakefront Dr UNIT 12, Charlotte, NC, 28278 generates $2,346/mo in rent, after a $2,251/mo payment. Total monthly income is $2,346/mo. Return on cash invested sits at 16.31% in year one, and rental yield is 6.12% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 83.42% and total cumulative return in cash sums $127,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,346/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28278, Charlotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,560 (100%) |
| Owner Occupied HU | 11,144 (67.3%) |
| Renter Occupied HU | 4,181 (25.2%) |
| Vacant Housing Units | 1,235 ( 7.5%) |
| Median Home Value | $516,060 |
| Average Home Value | $598,110 |
Housing Distribution
Address Breakdown
Residential
15,786
Single Family
13,840
Multi-Family
1,946
Businesses
560
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Listed by: Jeff Welliver • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329773