CashFlowRE
Sign in Sign up
1600 Sharon Rd
D+ Composite 49.56
Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +14.4/30.0
  • ARV discount +7.5/15.0
  • 1% rule +7.1/10.0
  • Schools +6.3/10.0
  • DSCR +4.4/10.0
  • Livability +3.9/5.0
  • Condition / age +3.8/5.0
  • Rent growth +2.2/5.0
  • Appreciation +0.0/10.0

$169,900

1600 Sharon Rd · Charlotte, NC 28210
2 bd · 2.0 ba · 969 sqft · Townhouse · 48 Days on market
Built 1982 Good condition $175/sqft · 62% below area $411/mo HOA · 20% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

This 2 bedroom, 2 full bathroom unit has been well maintained over the years. It is a main level with neutral colors throughout and features a fireplace in the living room. The complex is 2convenient to shopping, restaurants, public transportation and a short distance to I-485. It features two designated parking spaces. Priced to sell.

Key facts

  • Main level
  • Fireplace
  • $411 HOA

Tags

MAIN LEVELFIREPLACEDESIGNATED PARKING SPACESSHORT DISTANCE TO I-485

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath townhouse listed at $170k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $35 ($417/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $170k).
  • Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
  • Cap rate 6.5% vs local median 3.2% in Charlotte — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 78/100 on livability (#26 in NC, #2,502 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
  • Charlotte-Mecklenburg Schools (urban): math 42% / reading 46% proficiency, ranked #85 of 178 in NC (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Dilworth Elementary School: Latta Campus (math 76% / reading 74%, grade A, #52 of 1,410 statewide, top 4%, 291 students, 17% FRL); Alexander Graham Middle (math 51% / reading 54%, grade C+, #94 of 475 statewide, top 20%, 1,245 students, 38% FRL); Myers Park High School (math 81% / reading 75%, grade A-, #85 of 535 statewide, top 16%, 3,593 students, 26% FRL) — zoned schools average 27% FRL vs 49% district-wide (22 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 68% at this address vs 44% district-wide (+24 pts) — the actual schools serving this property are materially stronger than the Charlotte-Mecklenburg Schools average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: Rents soft (-1.0%/yr); 367 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 11,969 units permitted in Mecklenburg County in 2024 (5,377 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • Mecklenburg County population projected at +53% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 48 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: HOA is 20% of rent.
Recommended offer $164,803 (3.0% below list)

Questions for the listing agent

  1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.21%
Cap rate
6.54%
Cash-on-cash
0.88%
DSCR
1.04
GRM
6.9

CMA / ARV

ARV (median comp)
$446,053
List price
$169,900
Delta
-61.91%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2220 Roswell Ave Unit D 0.36mi 2/2.0 1,009 (+4%) 6mo $482,000 $478 71
2220 Roswell Ave Unit F 0.36mi 2/2.0 1,009 (+4%) 10mo $477,500 $473 68
2220 Roswell Ave Unit C 0.36mi 2/2.0 1,020 (+5%) 9mo $497,500 $488 67
2330 Roswell Ave Unit A 0.49mi 2/1.5 1,010 (+4%) 5mo $615,000 $609 64
2330 Roswell Ave Unit G 0.49mi 2/1.5 1,008 (+4%) 6mo $390,000 $387 64
2503 Roswell Ave #302 0.71mi 2/1.5 964 (-0%) 3mo $273,000 $283 61
2315 Selwyn Ave Unit H 0.47mi 2/2.0 1,071 (+10%) 6mo $440,000 $411 56
2501 Roswell Ave #106 0.69mi 1/1.0 (-1) 954 (-2%) 8mo $283,500 $297 49
1323 Queens Rd #321 0.70mi 2/2.0 1,079 (+11%) 4mo $218,500 $203 46
1323 Queens Rd #308 0.70mi 2/1.5 1,075 (+11%) 5mo $178,000 $166 43
1323 Queens Rd #309 0.70mi 2/2.0 1,106 (+14%) 2mo $205,000 $185 42
1323 Queens Rd #324 0.70mi 1/1.0 (-1) 829 (-14%) 6mo $197,500 $238 29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold
IRR
-19.3%
Equity multiple
0.35×
Total profit
$-31,043
Equity at exit
$25,333
10-year hold
IRR
-24.0%
Equity multiple
0.03×
Total profit
$-46,253
Equity at exit
$14,690

Cash invested: $47,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
85 Strongly Landlord-Friendly
State North Carolina
85 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
10-day notice; preempted; landlord-favorable but court speed varies.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
7 active · 15 under contract
Months of supply
2.2 mo (45%/mo absorbed)
Median asking
$385,000 ($383/sqft)
Median days on market
30 d
This list price
lowest-priced of the active set
ARV vs active asking
+20.1% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 28210

Rents YoY
-1.0%
Active inventory
367
Price-to-rent
6.9×

Monthly cashflow live

Estimated rent
$2,050 high interval (Pro) →
Mortgage (P&I)
$891
Tax est. 1.5%
$212 /mo · $2,548/yr
Insurance
$71
HOA
$411
Vacancy / Maint / Mgmt
$431
Net cashflow
$35

Break-even live

Break-even rent $2,007
Max offer price $169,900
Occupancy floor 93%

Sensitivity live

Price -10% $152 -5% $93 +0% $35 +5% $-24 +10% $-83
Rent -10% $-127 -5% $-46 +0% $35 +5% $116 +10% $197
Rate -1.0pp $120 -0.5pp $78 base $35 +0.5pp $-9 +1.0pp $-54

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$42,475
Closing costs
$5,097
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2240 Roswell Ave #4 Charlotte, NC 2.0 1.0 1053 $2,200 $2.09 110d 1 0.37mi
2330 Roswell Ave Charlotte, NC 2.0 1.5 1008 $2,300 $2.28 117d 1 0.46mi
2330 Roswell Ave Unit G Charlotte, NC 2.0 1.5 1008 $2,300 $2.28 119d 1 0.46mi
2501 Roswell Ave #102 Charlotte, NC 2.0 2.0 829 $2,200 $2.65 112d 1 0.66mi
2501 Roswell Ave #102 Charlotte, NC 2.0 2.0 829 $2,000 $2.41 9d 1 0.66mi
1323 Queens Rd #417 Charlotte, NC 2.0 2.0 1092 $3,200 $2.93 75d 1 0.73mi
1323 Queens Rd Charlotte, NC 2.0 1.5–2.0 1092 $2,525 $2.31 79d 2 0.73mi
1323 Queens Rd Charlotte, NC 1.0–2.0 1.0–2.0 948 $3,200 $3.37 2d 2 0.73mi
1818 Jameston Dr Charlotte, NC 2.0 1.0 750 $1,500 $2.00 4d 1 0.85mi
2701 Selwyn Ave Unit L Charlotte, NC 2.0 2.0 1064 $2,195 $2.06 81d 1 0.90mi
1755 Lombardy Cir Charlotte, NC 1.0–3.0 1.0–3.0 1484 $5,936 $4.00 0d 196 1.00mi
2810 Selwyn Ave #111 Charlotte, NC 1.0 1.0 610 $1,650 $2.70 4d 1 1.00mi
3600 Eastover Ridge Dr Charlotte, NC 1.0–3.0 1.0–2.0 1196 $1,565 $1.31 0d 33 1.07mi
3250 Eastover Ridge Dr Unit 1523808P Charlotte, NC 1.0 1.0 893 $5,754 $6.44 0d 1 1.10mi
1720 Garden Ter Unit 2 Charlotte, NC 1.0 1.0 714 $1,295 $1.81 7d 1 1.10mi
2988 Selwyn Ave Charlotte, NC 2.0 2.0 1057 $1,950 $1.84 9d 1 1.18mi
3720 Wendwood Ln Charlotte, NC 1.0–2.0 1.0–2.0 1110 $2,295 $2.07 29d 5 1.20mi
2117 Scott Ave Charlotte, NC 2.0 2.0 1015 $2,900 $2.86 119d 1 1.23mi
1325 Corton Dr Charlotte, NC 2.0 1.5–2.0 1116 $1,816 $1.63 43d 8 1.23mi
1310 Corton Dr Charlotte, NC 2.0 1.5–2.0 1116 $1,808 $1.62 0d 6 1.26mi
3041 Park Rd Charlotte, NC 1.0 1.0 900 $1,950 $2.17 58d 1 1.29mi
1903 Kenilworth Ave #310 Charlotte, NC 2.0 2.0 1034 $2,500 $2.42 7d 1 1.30mi
1320 Fillmore Ave #325 Charlotte, NC 2.0 2.0 1100 $2,250 $2.05 40d 1 1.30mi
1320 Fillmore Ave Unit 1Unit 116 Charlotte, NC 1.0 1.0 897 $1,495 $1.67 43d 1 1.30mi
1320 Fillmore Ave #302 Charlotte, NC 1.0 1.0 595 $1,400 $2.35 113d 1 1.30mi
1320 Fillmore Ave #101 Charlotte, NC 2.0 2.5 1104 $2,295 $2.08 84d 1 1.30mi
1829 Kenilworth Ave Charlotte, NC 1.0 1.0 770 $1,795 $2.33 43d 1 1.30mi
1829 Kenilworth Ave Charlotte, NC 1.0 1.0 649 $1,695 $2.61 5d 1 1.30mi
1829 Kenilworth Ave Unit 102B Charlotte, NC 1.0 1.0 649 $1,695 $2.61 9d 1 1.30mi
607 Queens Rd Unit E Charlotte, NC 2.0 2.0 883 $1,650 $1.87 67d 1 1.31mi
1315 East Blvd Charlotte, NC 1.0–2.0 1.0–2.0 1040 $2,750 $2.64 80d 2 1.31mi
1315 East Blvd Charlotte, NC 1.0 1.0 623 $2,450 $3.93 65d 1 1.31mi
1315 East Blvd Charlotte, NC 2.0 1.0–2.0 814 $2,450 $3.01 24d 2 1.31mi
2512 Cranbrook Ln Charlotte, NC 2.0 2.0 950 $2,000 $2.11 40d 2 1.31mi
2512 Cranbrook Ln Charlotte, NC 2.0 2.0 921 $2,200 $2.39 43d 1 1.32mi
2512 Cranbrook Ln Charlotte, NC 2.0 2.0 921 $2,200 $2.39 60d 1 1.32mi
2516 Cranbrook Ln Charlotte, NC 2.0 1.0 813 $1,700 $2.09 84d 1 1.32mi
3720 Park Rd Unit P Charlotte, NC 2.0 1.5 977 $1,895 $1.94 119d 1 1.32mi
2516 Cranbrook Ln Charlotte, NC 2.0 1.0 809 $1,548 $1.91 9d 2 1.32mi
2516 Cranbrook Ln Charlotte, NC 2.0 1.0 809 $1,648 $2.04 74d 2 1.32mi

Property features AI

Finance

HOA & community
HOA managed by Sentry ManagementMandatory HOA dues of $411.55 monthlyPets allowed

Exterior

Parking
2 assigned parking spacesParking spaces (common/assigned)
Utilities
City waterPublic sewer
Home design
Residential condominiumSite-built constructionEntry level: 1One story
Construction
Cedar shake exteriorSlab foundation
Exterior features
Asphalt paved road; publicly maintainedNo waterfront

Interior

Kitchen
DishwasherDisposalElectric cooktopExhaust hoodRefrigeratorElectric water heater
Bedrooms
2 bedrooms on the main level
Flooring
TileWood
Bathrooms
2 full bathrooms on the main level
Heating & cooling
Heat pump heatingCentral air conditioning
Interior features
Open floor planSplit bedroom layoutLiving room fireplace
Laundry & utility
Laundry closet

Listing history 37 events

  1. 2026-07-24
    days on market $169,900 Active 48 DOM
  2. 2026-07-23
    days on market $169,900 Active 47 DOM
  3. 2026-07-22
    days on market $169,900 Active 46 DOM
  4. 2026-07-21
    days on market $169,900 Active 45 DOM
  5. 2026-07-20
    days on market $169,900 Active 44 DOM
  6. 2026-07-18
    days on market $169,900 Active 42 DOM
  7. 2026-07-16
    days on market $169,900 Active 40 DOM
  8. 2026-07-15
    days on market $169,900 Active 39 DOM
  9. 2026-07-14
    days on market $169,900 Active 38 DOM
  10. 2026-07-13
    days on market $169,900 Active 37 DOM
  11. 2026-07-13
    days on market $169,900 Active 36 DOM
  12. 2026-07-11
    days on market $169,900 Active 35 DOM
  13. 2026-07-10
    days on market $169,900 Active 34 DOM
  14. 2026-07-09
    days on market $169,900 Active 33 DOM
  15. 2026-07-07
    days on market $169,900 Active 31 DOM
  16. 2026-07-06
    days on market $169,900 Active 30 DOM
  17. 2026-07-05
    days on market $169,900 Active 29 DOM
  18. 2026-07-03
    days on market $169,900 Active 27 DOM
  19. 2026-07-02
    days on market $169,900 Active 26 DOM
  20. 2026-07-01
    days on market $169,900 Active 25 DOM
  21. 2026-06-30
    days on market $169,900 Active 24 DOM
  22. 2026-06-29
    days on market $169,900 Active 23 DOM
  23. 2026-06-28
    days on market $169,900 Active 22 DOM
  24. 2026-06-27
    days on market $169,900 Active 21 DOM
  25. 2026-06-26
    days on market $169,900 Active 20 DOM
  26. 2026-06-24
    days on market $169,900 Active 18 DOM
  27. 2026-06-22
    days on market $169,900 Active 16 DOM
  28. 2026-06-21
    days on market $169,900 Active 15 DOM
  29. 2026-06-18
    days on market $169,900 Active 12 DOM
  30. 2026-06-17
    days on market $169,900 Active 11 DOM
  31. 2026-06-16
    days on market $169,900 Active 10 DOM
  32. 2026-06-15
    days on market $169,900 Active 9 DOM
  33. 2026-06-13
    days on market $169,900 Active 7 DOM
  34. 2026-06-09
    days on market $169,900 Active 3 DOM
  35. 2026-06-08
    days on market $169,900 Active 2 DOM
  36. 2026-06-07
    remarks 337-char remark
  37. 2026-06-07
    listed $169,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,606
− Mortgage interest
−$9,517
− Property taxes
−$2,548
− Insurance
−$850
− Repairs & maintenance
−$1,968
− Management
−$1,968
− HOA
−$4,932
− Depreciation
−$4,943
Taxable loss
−$2,121
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$509
After-tax cash flow
$926/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $4,845–$14,535 screening

This well-maintained, 2-bedroom, 2-bathroom unit is ready for new owners. It features a fireplace, modern appliances, and a good curb appeal.

Value-add opportunities

  • Both Paint exterior walls — Enhances curb appeal and resale value
  • Both Clean gutters — Improves drainage and overall appearance

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 63/100

Zoned Schools

Elementary Dilworth Elementary School: Latta Campus A NC #52/1,410 Nat'l #2,065/41,679 Middle Sedgefield Middle F NC #279/475 Nat'l #7,347/14,009 High Myers Park High School A- NC #85/535 Nat'l #1,312/17,239

Schools (NCES district)

District
Charlotte-Mecklenburg Schools
NCES district ID
3702970
Math proficiency
42% ▼ -6.00%
Reading proficiency
46% ▲ 1.00%
Median HH income
$57,175
Composite
38.49/100
National rank
#4183
State rank
#85 of 178 in NC
B Composite livability gradescore 78/100

Livability — Charlotte

Score
78/100
State rank
#26
US rank
#2502

Category grades

Amenities A+ Commute A+ Cost of living B Crime F Employment B- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Charlotte, NC
County
Mecklenburg County · 1,305,740 people
City population
920,422
Metro
Charlotte-Concord-Gastonia, NC-SC
Population (ZIP)
47,359
Household income
$100,824
Rent vs Own
44.2% rent · 55.8% own
Severe rent burden
10% of renters

Population outlook (Mecklenburg County) Hauer SSP2

Today (2025)
1,305,740 people
By 2030
1,442,752 · +10.5%
By 2040
1,722,441 · +31.9%
By 2050
1,999,450 · +53.1%
By 2075
2,642,495 · +102.4%
By 2100
3,106,755 · +137.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.58)
Race & ethnicity
White 60% Hispanic / Latino 20% Two or more races 13% Black 12% Asian 3%
Hispanic origin (detail)
Mexican 5% Dominican 1%
Common ancestry
Serbian 4% Slovak 3% Romanian 2%
Foreign-born
19% · Canada, Jamaica, Guatemala
Languages at home
77% English-only · Spanish 17% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Mecklenburg

2024 margin
Solid D (+32.9) · D 65.6% · R 32.7% · Other 1.6%
2008→2024 swing
+8.5pp toward D · 2008: 24.4pp · 2024: 32.9pp
All cycles
2024: D+32.9 2020: D+35.1 2016: D+29.9 2012: D+22.5 2008: D+24.4

Not yet ingested

Civics

Price history

+11264.5% since first listed
3 events — show timeline
  • 2026-06-05 Listed $169,900 CANOPYMLS as Distributed by MLS Grid
  • 2024-10-30 Rental Removed $1,495 RENTALBEAST
  • 2024-10-15 Listed for Rent $1,495 RENTALBEAST

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…