8578 Carolina Lily LnCharlotteNC28262
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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 8578 Carolina Lily Ln, Charlotte, NC, 28262 uses $96,135 cash to close to unlock $4,800/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,167/mo, and a $1,419/mo payment keeps the spread at $400/mo. Purchase price stands at $290,000, and rental yield measures 8.97% with $2,167/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 129.48% and total cumulative return in cash records $124,480. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,167/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
0.03 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: Wendell Crockett • Better Homes and Gardens Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297806