4609 Coronado Dr Unit N · Charlotte, NC
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $906 – $1,684
Heat risk 6/10 · Moderate
- Hot days now (above 104°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +12.3/15.0
- Cash flow +5.7/30.0
- Schools +4.5/10.0
- Livability +3.9/5.0
- 1% rule +3.8/10.0
- Condition / age +3.8/5.0
- Rent growth +1.7/5.0
- DSCR +0.1/10.0
- Appreciation +0.0/10.0
$169,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Spacious 2-bedroom, 1 full and 2 half bathroom townhome in desirable Coventry Woods. This well-maintained, multi-level home features a functional layout and comfortable living space. Upstairs includes two large bedrooms with a Jack-and-Jill bathroom (1 full and 1 half). The main level features a bright family room, a half bath, and a kitchen with maple cabinets, a stainless steel refrigerator, and an over-the-range microwave. The home includes great storage with five large closets and outdoor storage. Enjoy a private patio overlooking greenspace. In-unit washer and dryer, ample parking, and access to a community pool.
Key facts
- Bright family room
- Private patio
- Functional layout
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $170k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-350 ($-4k/yr) — negative.
- To cash-flow at today's rent, offer at most $119k (29.8% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $149k (12.2% below list).
- Recommended offer: $119k (29.8% below list) — sets the bar for cash-flow.
- Cap rate 3.8% vs local median 3.2% in Charlotte — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
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: Idlewild Elementary (math 36% / reading 40%, grade F, #759 of 1,410 statewide, top 54%, 926 students, 100% FRL); Mcclintock Middle (math 31% / reading 31%, grade F, #326 of 475 statewide, top 69%, 1,079 students, 99% FRL); East Mecklenburg High School (math 59% / reading 70%, grade B-, #164 of 535 statewide, top 32%, 2,409 students, 42% FRL) — zoned schools average 80% FRL vs 49% district-wide (31 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents falling (-3.0%/yr); 224 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 41d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 11,969 units permitted in Mecklenburg County in 2024 (5,377 in 5+ unit buildings).
- This rent runs 34% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
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 142 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 4y 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 24% of rent.
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 142 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
- Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.88% ✗
- Cap rate
- 3.82%
- Cash-on-cash
- -8.84%
- DSCR
- 0.61
- GRM
- 9.5
CMA / ARV
- ARV (median comp)
- $190,404
- List price
- $169,900
- Delta
- -10.77%
- 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 |
|---|---|---|---|---|---|---|---|
| 4726 Holbrook Dr | 0.32mi | 3/2.0 (+1) | 1,071 (-0%) | 1mo | $299,900 | $280 | 79 |
| 6810 Farmingdale Dr Unit E | 0.34mi | 2/1.5 | 968 (-10%) | 2mo | $220,000 | $227 | 64 |
| 4726 Old Lantern Way | 0.49mi | 2/1.5 | 989 (-8%) | 1mo | $166,500 | $168 | 61 |
| 6511 Misty Morning Dr | 0.85mi | 2/2.0 | 1,017 (-5%) | 0mo | $315,000 | $310 | 56 |
| 4640 Old Lantern Way | 0.43mi | 2/1.5 | 939 (-12%) | 3mo | $181,000 | $193 | 55 |
| 6043 Green Forest Dr | 0.68mi | 2/2.0 | 1,177 (+10%) | 1mo | $195,000 | $166 | 51 |
| 5423 Lantana Ave | 0.74mi | 3/1.0 (+1) | 1,040 (-3%) | 2mo | $341,000 | $328 | 50 |
| 1526 Briarfield Dr | 0.43mi | 3/1.0 (+1) | 1,224 (+14%) | 0mo | $435,000 | $355 | 47 |
| 1511 Briarfield Dr | 0.47mi | 3/1.0 (+1) | 1,231 (+15%) | 3mo | $399,900 | $325 | 42 |
| 5027 Erickson Rd | 0.86mi | 3/1.0 (+1) | 988 (-8%) | 2mo | $305,000 | $309 | 41 |
| 2530 Dion Ave | 1.18mi | 3/2.0 (+1) | 1,216 (+13%) | 1mo | $295,000 | $243 | 37 |
| 1913 Optimist Ln | 1.11mi | 3/1.0 (+1) | 1,216 (+13%) | 2mo | $308,000 | $253 | 32 |
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
- IRR
- -36.6%
- Equity multiple
- -0.13×
- Total profit
- $-53,977
- Equity at exit
- $25,333
- IRR
- -84.6%
- Equity multiple
- -0.93×
- Total profit
- $-91,657
- 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
Active competition Active MLS
- For sale now
- 1 active
- Median asking
- $164,900 ($164/sqft)
- Median days on market
- 68 d
- This list price
- 100% of active listings are priced below it
- ARV vs active asking
- +8.6% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 28212
- Rents YoY
- -3.0%
- Active inventory
- 224
- Price-to-rent
- 9.5×
Monthly cashflow live
- Estimated rent
- $1,492 high interval (Pro) →
- Mortgage (P&I)
- −$891
- Tax est. 1.5%
- −$212 /mo · $2,548/yr
- Insurance
- −$71
- HOA
- −$355
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$313
- Net cashflow
- $-350
Break-even live
Sensitivity live
| Price | -10% $-233 | -5% $-292 | +0% $-350 | +5% $-409 | +10% $-468 |
|---|---|---|---|---|---|
| Rent | -10% $-468 | -5% $-409 | +0% $-350 | +5% $-291 | +10% $-232 |
| Rate | -1.0pp $-265 | -0.5pp $-307 | base $-350 | +0.5pp $-394 | +1.0pp $-439 |
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4601 Coronado Dr Unit F Charlotte, NC | 2.0 | 1.0 | 961 | $1,500 | $1.56 | 112d | 1 | 0.07mi |
| 4601 Coronado Dr Unit B Charlotte, NC | 2.0 | 1.5 | 960 | $1,375 | $1.43 | 9d | 1 | 0.07mi |
| 5206 Amity Springs Dr Charlotte, NC | 2.0 | 2.0 | 980 | $1,425 | $1.45 | 9d | 1 | 0.08mi |
| 2901 Iron Gate Ln Charlotte, NC | 2.0 | 2.0 | 1000 | $1,550 | $1.55 | 119d | 1 | 0.10mi |
| 4600 Coronado Dr Unit B Charlotte, NC | 3.0 | 2.0 | 1165 | $1,400 | $1.20 | 119d | 1 | 0.10mi |
| 2920 Iron Gate Ln Charlotte, NC | 2.0 | 2.0 | 992 | $1,350 | $1.36 | 84d | 1 | 0.13mi |
| 2920 Iron Gate Ln Charlotte, NC | 2.0 | 2.0 | 992 | $1,350 | $1.36 | 93d | 1 | 0.13mi |
| 5622 Amity Springs Dr Charlotte, NC | 2.0 | 2.0 | 1145 | $1,600 | $1.40 | 9d | 1 | 0.18mi |
| 5230 Firelight Ln Charlotte, NC | 2.0 | 2.0 | 1129 | $1,665 | $1.47 | 27d | 6 | 0.19mi |
| 2929 Amity Garden Ct Charlotte, NC | 2.0 | 1.0 | 900 | $1,300 | $1.44 | 9d | 1 | 0.20mi |
| 3134 Driftwood Dr Unit A Charlotte, NC | 2.0 | 2.5 | 1004 | $1,235 | $1.23 | 78d | 1 | 0.35mi |
| 3136 Driftwood Dr Unit A Charlotte, NC | 2.0 | 2.5 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.35mi |
| 1522 Woodhill Ln Charlotte, NC | 2.0 | 1.0 | 875 | $1,950 | $2.23 | 119d | 1 | 0.36mi |
| 5410 Albemarle Rd Charlotte, NC | 1.0 | 1.0 | 1000 | $1,175 | $1.18 | 30d | 1 | 0.40mi |
| 4633 Old Lantern Way Charlotte, NC | 2.0 | 1.5 | 928 | $1,395 | $1.50 | 9d | 1 | 0.44mi |
| 5600 Paces Glen Ave Charlotte, NC | 1.0–3.0 | 1.0–2.0 | 942 | $1,450 | $1.54 | 4d | 1 | 0.44mi |
| 5826 Reddman Rd Charlotte, NC | 1.0–2.0 | 1.0–2.0 | 822 | $1,499 | $1.82 | 0d | 14 | 0.50mi |
| 5417 Albemarle Rd Charlotte, NC | 1.0–2.0 | 1.0–2.0 | 985 | $1,489 | $1.51 | 9d | 1 | 0.50mi |
| 3421 N Sharon Amity Rd Charlotte, NC | 1.0–2.0 | 1.0 | 905 | $1,400 | $1.55 | 106d | 1 | 0.51mi |
| 5821 Reddman Rd Charlotte, NC | 1.0–2.0 | 1.0–2.0 | 722 | $1,634 | $2.26 | 0d | 7 | 0.59mi |
| 6734 Knollgate Dr Charlotte, NC | 3.0 | 1.5 | 1360 | $2,600 | $1.91 | 112d | 1 | 0.60mi |
| 5336 Unaka Ave Charlotte, NC | 3.0 | 2.0 | 1235 | $2,800 | $2.27 | 29d | 1 | 0.61mi |
| 6147 Winged Elm Ct Charlotte, NC | 1.0–3.0 | 1.0–3.0 | 1058 | $1,290 | $1.22 | 0d | 52 | 0.61mi |
| 2309 Lanier Ave Charlotte, NC | 3.0 | 1.5 | 1055 | $2,075 | $1.97 | 74d | 1 | 0.63mi |
| 2309 Lanier Ave Charlotte, NC | 3.0 | 1.5 | 1055 | $2,075 | $1.97 | 103d | 1 | 0.63mi |
| 5823 Green Forest Dr Unit 5823 Charlotte, NC | 2.0 | 2.0 | 1100 | $1,250 | $1.14 | 24d | 1 | 0.65mi |
| 3519 Rosehaven Dr Charlotte, NC | 3.0 | 2.0 | 1480 | $2,200 | $1.49 | 30d | 1 | 0.67mi |
| 5823 Green Forest Dr Charlotte, NC | 2.0 | 2.0 | 1101 | $1,250 | $1.14 | 30d | 1 | 0.69mi |
| 1700 Joseph Hewes Ct Charlotte, NC | 3.0 | 2.5 | 1440 | $1,925 | $1.34 | 43d | 1 | 0.69mi |
| 4701 Arching Oak Ln Charlotte, NC | 2.0 | 2.0 | 911 | $1,264 | $1.39 | 0d | 4 | 0.69mi |
| 5901 Meadow Hill Dr Charlotte, NC | 3.0 | 2.0 | 1407 | $1,695 | $1.20 | 110d | 1 | 0.76mi |
| 4000 Winfield Dr #4004 Charlotte, NC | 2.0 | 1.0 | 995 | $1,295 | $1.30 | 40d | 1 | 0.76mi |
| 3631 Driftwood Dr Charlotte, NC | 2.0 | 1.0 | 898 | $1,250 | $1.39 | 103d | 1 | 0.79mi |
| 5701 Central Ave Unit B1 Charlotte, NC | 2.0 | 2.0 | 1105 | $2,050 | $1.86 | 119d | 1 | 0.79mi |
| 3633 Driftwood Dr Charlotte, NC | 2.0 | 1.0 | 898 | $1,250 | $1.39 | 103d | 1 | 0.79mi |
| 5001 Kistler Ave Charlotte, NC | 3.0 | 2.0 | 1170 | $2,700 | $2.31 | 115d | 1 | 0.80mi |
| 5211 Lynnville Ave Unit B Charlotte, NC | 2.0 | 2.5 | 1020 | $1,600 | $1.57 | 27d | 1 | 0.80mi |
| 5625 Hollyfield Dr Charlotte, NC | 1.0–3.0 | 1.0–2.0 | 1118 | $2,185 | $1.95 | 0d | 93 | 0.84mi |
| 3929 Winterfield Pl Unit 1 Charlotte, NC | 2.0 | 1.5 | 849 | $1,400 | $1.65 | 117d | 1 | 0.84mi |
| 3721 Driftwood Dr Charlotte, NC | 3.0 | 2.0 | 1095 | $1,649 | $1.51 | 30d | 1 | 0.84mi |
Property features AI
Finance
- Other
- Land not included
- HOA & community
- Homeowners association requiredMonthly HOA fee of $355 (annual totaling approximately $4,260)Pets allowed
Exterior
- Parking
- Parking lotParking space(s)
- Utilities
- County waterCounty sewer
- Home design
- Residential condominiumSite-built constructionTwo levelsEntry level is 1Zoning: N2-B
- Construction
- Brick partial and vinyl exteriorSlab foundation
- Exterior features
- Paved road (publicly maintained)No waterfront
Interior
- Kitchen
- DishwasherGarbage disposalElectric cooktopMicrowaveOvenRefrigerator
- Bedrooms
- Two bedrooms (both on the upper level)
- Bathrooms
- One full bathroomTwo half bathrooms
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)
- Interior features
- Three total roomsEntry level: 1
- Laundry & utility
- Laundry inside
HOA detail $355/mo · $4,260/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $169,900 Active 142 DOM
-
2026-09-23days on market $169,900 Active 141 DOM
-
2026-09-22days on market $169,900 Active 140 DOM
-
2026-09-21days on market $169,900 Active 139 DOM
-
2026-09-20days on market $169,900 Active 138 DOM
-
2026-09-19days on market $169,900 Active 137 DOM
-
2026-09-18days on market $169,900 Active 136 DOM
-
2026-09-17days on market $169,900 Active 135 DOM
-
2026-09-16days on market $169,900 Active 134 DOM
-
2026-09-15days on market $169,900 Active 133 DOM
-
2026-09-14days on market $169,900 Active 132 DOM
-
2026-09-13days on market $169,900 Active 131 DOM
-
2026-09-12days on market $169,900 Active 130 DOM
-
2026-09-11days on market $169,900 Active 129 DOM
-
2026-09-05days on market $169,900 Active 123 DOM
-
2026-09-04days on market $169,900 Active 122 DOM
-
2026-09-03days on market $169,900 Active 121 DOM
-
2026-08-31days on market $169,900 Active 118 DOM
-
2026-08-30days on market $169,900 Active 117 DOM
-
2026-08-29days on market $169,900 Active 116 DOM
-
2026-08-28days on market $169,900 Active 115 DOM
-
2026-08-27days on market $169,900 Active 114 DOM
-
2026-08-25days on market $169,900 Active 112 DOM
-
2026-08-24days on market $169,900 Active 111 DOM
-
2026-08-23days on market $169,900 Active 110 DOM
-
2026-08-22days on market $169,900 Active 109 DOM
-
2026-08-21days on market $169,900 Active 108 DOM
-
2026-08-20days on market $169,900 Active 107 DOM
-
2026-08-19days on market $169,900 Active 106 DOM
-
2026-08-18days on market $169,900 Active 105 DOM
-
2026-08-17days on market $169,900 Active 104 DOM
-
2026-08-16days on market $169,900 Active 103 DOM
-
2026-08-15days on market $169,900 Active 102 DOM
-
2026-08-14days on market $169,900 Active 101 DOM
-
2026-08-13days on market $169,900 Active 100 DOM
-
2026-08-12days on market $169,900 Active 99 DOM
-
2026-08-11days on market $169,900 Active 98 DOM
-
2026-08-10days on market $169,900 Active 97 DOM
-
2026-08-09days on market $169,900 Active 96 DOM
-
2026-08-08days on market $169,900 Active 95 DOM
-
2026-08-06days on market $169,900 Active 93 DOM
-
2026-08-05days on market $169,900 Active 92 DOM
-
2026-08-04days on market $169,900 Active 91 DOM
-
2026-08-03days on market $169,900 Active 90 DOM
-
2026-07-31days on market $169,900 Active 87 DOM
-
2026-07-30days on market $169,900 Active 86 DOM
-
2026-07-30days on market $169,900 Active 85 DOM
-
2026-07-28pricedays on market $169,900 Active 84 DOM
-
2026-07-26days on market $174,900 Active 82 DOM
-
2026-07-24days on market $174,900 Active 80 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 6/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $17,906
- − Mortgage interest
- −$9,517
- − Property taxes
- −$2,548
- − Insurance
- −$850
- − Repairs & maintenance
- −$1,432
- − Management
- −$1,432
- − HOA
- −$4,260
- − Depreciation
- −$4,943
- Taxable loss
- −$7,077
- Est. tax savings @ 24.0%
- +$1,698
- After-tax cash flow
- $-2,506/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
This well-maintained, multi-level townhome in Coventry Woods offers a good investment opportunity with minor cosmetic updates needed to enhance its resale and rental value.
Repairs flagged
- Minor kitchen cabinets — Aesthetic update needed
- Minor bathroom fixtures — Update to modernize space
Value-add opportunities
- Resale Paint kitchen cabinets — Fresh paint enhances curb appeal ↑
- Resale Replace kitchen countertops — Modern countertops improve functionality and aesthetics ↑
- Resale Install modern bathroom fixtures — Modern fixtures enhance bathroom appeal ↑
- Both Landscaping upgrade — Enhances curb appeal and adds value ↑
- Both Replace window screens — Improved aesthetics and energy efficiency ↑
ⓘ 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.
Zoned Schools
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
Livability — Charlotte
- Score
- 78/100
- State rank
- #26
- US rank
- #2502
Category grades
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)
- 42,440
- Household income
- $52,723
- Rent vs Own
- Severe rent burden
- 18% 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
- Highly diverse neighborhood (Simpson 0.71)
- Race & ethnicity
- Black 39% Hispanic / Latino 32% White 18% Two or more races 12% Asian 8% Native American 1%
- Hispanic origin (detail)
- Mexican 14% Dominican 2%
- Common ancestry
- Serbian 1% Lithuanian 1% Slovak 1%
- Foreign-born
- 29% · Canada, Philippines, Jamaica
- Languages at home
- 60% English-only · Spanish 29% Other Indo-European 3% Other Asian/Pacific 3%
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
- —
Market trends
- HPI YoY
- ▼ -268.88%
- Current HPI
- 317.7088
- Rent YoY
- ▼ -3.02%
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- State GDP YoY
- ▲ 3.28%
- F500 in state
- 26
Industry mix (Fortune 500 HQ in NC)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 2 | $213B |
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| Retail | 2 | $95B |
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| Industrial Conglomerate | 1 | $38B |
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| Metals / Steel | 1 | $35B |
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| Utilities | 1 | $30B |
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| Industrial Machinery | 1 | $19B |
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Price history
-5.5% since first listed8 events — show timeline
- 2026-05-05 Listed $174,900 CANOPYMLS as Distributed by MLS Grid
- 2025-06-05 Price Changed $174,900 CANOPYMLS as Distributed by MLS Grid
- 2025-04-30 Listed $184,900 CANOPYMLS as Distributed by MLS Grid
- 2024-07-10 Price Changed $194,500 CANOPYMLS as Distributed by MLS Grid
- 2024-06-15 Listed $199,000 CANOPYMLS as Distributed by MLS Grid
- 2022-05-12 Sold (MLS) $185,000 CANOPYMLS as Distributed by MLS Grid
- 2022-04-11 Pending — CANOPYMLS as Distributed by MLS Grid
- 2022-04-10 Listed $185,000 CANOPYMLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…