The Bennett: Build On Your Lot Plan, North Carolina: Build on your Lot, Charlotte, NC, 28202 | $2,774/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlotte at The Bennett: Build On Your Lot Plan, North Carolina: Build on your Lot, Charlotte, NC, 28202 uses $106,919 cash to close to unlock $33,288/yr annual cash flow and $2,774/mo monthly cash flow. Total monthly income runs $4,740/mo, and a $1,579/mo payment keeps the spread at $2,774/mo. Purchase price stands at $322,530, and rental yield measures 17.64% with $4,740/mo rent. Return on cash invested shows 51.04% in year one, and 5% annual appreciation builds toward $89,109 over five years. Five-year ROI reaches 269.66% and total cumulative return in cash records $288,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,740/mo property income covering a $1,579/mo payment rather than investor’s personal income.

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 28202, Charlotte, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,577 (100%)
Owner Occupied HU	2,361 (17.4%)
Renter Occupied HU	9,420 (69.4%)
Vacant Housing Units	1,796 (13.2%)
Median Home Value	$536,677
Average Home Value	$631,626