The Lennox: Build On Your Lot Plan, North Carolina: Build on your LotCharlotteNC28202
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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 The Lennox: Build On Your Lot Plan, North Carolina: Build on your Lot, Charlotte, NC, 28202 at $433,440 posts ROI 37.44% with $2,099/mo cash flow from $4,740/mo rent. Total monthly income equals $4,740/mo, and annual cash flow records $25,186/yr on $143,685 to close. Return on cash invested measures 37.44% and rental yield reads 13.12% at the current $433,440. Equity gained on principal adds $2,797/yr, and 5% annual appreciation supports $119,751 by year five. Five-year ROI prints 196.71% and total cumulative return in cash totals $282,639.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,740/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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 |
Housing Distribution
Address Breakdown
Residential
12,764
Single Family
3,910
Multi-Family
8,854
Businesses
1,224
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Listed by: N/A • Legacy Custom Steel Homes
Mls Name: Legacy Custom Steel Homes
Mls Provider:
Mls ID: #N/A