Charlotte · Charlotte, NC
5206 Burke Drive
Charlotte, NC · 1,651 sqft
$295,000
- 3Beds
- 1.5Baths
- 1,651SqFt
- 1957Year
- 24,394Lot
- 66Days on market
About this home
Welcome to this well-maintained 3-bedroom, 1.5-bath full-brick home located at 5206 Burke Dr in Charlotte. This property is currently tenant-occupied, generating $1,500/month in rental income—making it a great opportunity for investors seeking immediate cash flow.The home features original hardwood floors throughout and an open-concept layout that creates a bright and inviting living space. Solid brick construction offers long-term durability and low maintenance, ideal for a buy-and-hold investment strategy. Situated in a quiet neighborhood just minutes from Uptown Charlotte, this property benefits from strong rental demand and convenient access to major highways, shopping, and dining. Whether you’re looking to expand your rental portfolio or secure a turnkey income-producing property, this is an excellent opportunity you don’t want to miss.
Property details
- Beds
- 3
- Baths
- 1.5
- SqFt
- 1,651
- Lot
- 24,394
- Year built
- 1957
- Type
- Single Family
- Days on market
- 66
- Heating
- Central
- Cooling
- Central Air, Heat Pump
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,171/ month
- Principal & interest
- $1,827
- Property tax (~1.05%)
- $258
- Homeowners insurance
- $86
- HOA dues
- —
Down payment
$14,750 down · $280,250 financed
Income to qualify (28% rule)
~$93,051 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.
