2000 Teddington Dr · Charlotte, NC 28214

$259,900

3 bd · 2.0 ba · 1,024 sqft · SingleFamily public records · 200 Days on market

Built 1989 0.27 ac lot Est $265k · at est.

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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 +12.1/30.0
• ARV discount +8.4/15.0
• Livability +3.9/5.0
• Schools +3.8/10.0
• DSCR +3.6/10.0
• Rent growth +3.3/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 2000 Teddington Drive, a 3-bedroom, 2-bath home offering a convenient location with quick access to 485, Uptown, and the White Water Center. With 1,033 sq ft of well-planned living space, this home is perfect for anyone seeking a move-in-ready property. Step inside to an inviting living area that welcomes you with natural light and an easy-flow layout. The adjoining kitchen features ample cabinet storage, plenty of counter space, and a laundry closet. The primary bedroom provides a peaceful retreat with its own private en-suite bath. Two additional bedrooms provide excellent flexibility to accommodate guests, create a home office, or design a functional hobby space. Outside, an i

Key facts

• Quick access to 485
• Inviting living area
• Laundry closet

Tags

• CONVENIENT LOCATION
• QUICK ACCESS TO 485
• INVITING LIVING AREA
• AMPLE CABINET STORAGE
• PLENTY OF COUNTER SPACE
• LAUNDRY CLOSET

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Driveway
• Utilities: City water; Public sewer
• Home design: Single-family residence; Site-built construction; One story; Slab foundation; N1-A zoning
• Construction: Vinyl exterior
• Exterior features: Concrete and paved road access; Publicly maintained road

Interior

• Kitchen: Other appliances included
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fireplace; Seven total rooms
• Laundry & utility: Laundry area located in the kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-56 ($-668/yr) — negative.
• To cash-flow at today's rent, offer at most $250k (3.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (23.2% below list).
• Recommended offer: $199k (23.2% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.1% 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: schools D+, 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.
• Market conditions: Rents rising (+3.4%/yr); 363 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $8k 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 200 days — a 12% lower offer ($229k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $130k; list at $260k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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.

Recommended offer $199,489 (23.2% below list)

Questions for the listing agent

1. 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?
2. It's been on market 200 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.77% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.92%
• DSCR: 0.96
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $265,216
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1420 Eagles Landing Dr	0.38mi	3/2.0	1,028 (+0%)	2mo	$285,000	$277	80
1208 Eagle Ridge Dr	0.48mi	3/2.0	991 (-3%)	5mo	$270,000	$272	68
1209 Eagles Landing Dr	0.57mi	3/2.0	1,024 (0%)	8mo	$264,900	$259	67
5815 Rowan Way	0.21mi	2/2.0 (-1)	1,005 (-2%)	20mo	$269,900	$269	66
6023 Mary Blair Ln	0.15mi	3/2.0	1,162 (+14%)	6mo	$299,999	$258	65
1113 Summit Hills Dr	0.57mi	3/2.0	1,010 (-1%)	8mo	$267,000	$264	65
5816 Rocky Mount Ct	0.55mi	3/1.5	986 (-4%)	10mo	$265,000	$269	58
1131 Summit Hills Dr	0.53mi	3/2.0	1,087 (+6%)	8mo	$273,750	$252	58
5800 Silver Eagle Dr	0.49mi	3/2.0	1,121 (+10%)	10mo	$265,000	$236	53
1205 Eagle Ridge Dr	0.50mi	3/2.0	1,121 (+10%)	17mo	$287,000	$256	47
6119 Derek Christopher Ct	0.47mi	3/2.0	1,120 (+9%)	22mo	$265,000	$237	44
5321 Pinebrook Dr	0.48mi	3/2.0	1,169 (+14%)	20mo	$279,000	$239	38

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 · 3.35% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.38×
• Total profit: $-45,026
• Equity at exit: $38,752

10-year hold

• IRR: -9.0%
• Equity multiple: 0.43×
• Total profit: $-41,147
• Equity at exit: $22,471

Cash invested: $72,772 (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.

Methodology + full state rankings →

ZIP-level market 28214

• Home prices YoY: -26.7%
• Rents YoY: 3.4%
• Active inventory: 363
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,995 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$160 /mo · $1,925/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $-56

Break-even live

Break-even rent $2,065

Max offer price $250,068

Occupancy floor 98%

Sensitivity live

Price	-10% $91	-5% $18	+0% $-56	+5% $-129	+10% $-203
Rent	-10% $-213	-5% $-134	+0% $-56	+5% $23	+10% $102
Rate	-1.0pp $75	-0.5pp $10	base $-56	+0.5pp $-123	+1.0pp $-192

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1126 Maria Christina Ln Charlotte, NC	3.0	2.0	1008	$1,900	$1.88	9d	1	0.39mi
1216 Eagle Ridge Dr Charlotte, NC	3.0	2.0	1174	$3,150	$2.68	25d	1	0.47mi
5435 Eneida Sue Dr Charlotte, NC	3.0	3.0	1472	$1,695	$1.15	25d	1	0.54mi
1227 Joannas Ct Charlotte, NC	4.0	2.0	1322	$1,799	$1.36	0d	1	0.61mi
5819 Woodrock Ct Charlotte, NC	3.0	2.0	1196	$2,200	$1.84	12d	1	0.62mi
1318 Nadies Ct Charlotte, NC	3.0	2.0	1292	$1,749	$1.35	21d	1	0.64mi
1318 Nadies Ct Charlotte, NC	3.0	2.5	1292	$1,749	$1.35	25d	1	0.64mi
180 Park Fairfax Dr Charlotte, NC	1.0–2.0	1.0–1.5	980	$1,600	$1.63	0d	24	0.70mi
1307 Springmont Ln Unit 5101-C Charlotte, NC	2.0	1.0	1200	$1,200	$1.00	25d	1	0.72mi
1307 Springmont Ln Unit 1401-F Charlotte, NC	2.0	1.0	1200	$1,225	$1.02	25d	1	0.72mi
5194 Brooktree Dr Charlotte, NC	4.0	2.5	1426	$1,750	$1.23	13d	1	0.75mi
6537 Hoover Cir Charlotte, NC	3.0	3.0	1430	$2,095	$1.47	9d	1	0.84mi
1601 Grovewood Dr Charlotte, NC	3.0	2.0	1330	$1,750	$1.32	19d	1	0.95mi
1000 Claremont Rd Charlotte, NC	3.0	1.5	1275	$1,200	$0.94	15d	1	1.03mi
5212 Raspberry Knoll Dr Charlotte, NC	4.0	2.0	1440	$2,075	$1.44	6d	1	1.03mi
5923 Running Deer Rd Charlotte, NC	3.0	2.0	1087	$1,649	$1.52	17d	1	1.10mi
129 Winding Canyon Dr Charlotte, NC	4.0	2.0	1416	$1,715	$1.21	9d	1	1.37mi
2000 Weststone Dr Charlotte, NC	2.0	1.0	1058	$1,450	$1.37	25d	1	1.37mi
5945 Tuckaseegee Rd Charlotte, NC	1.0–2.0	1.0–2.0	806	$1,331	$1.65	17d	1	1.38mi
2906 Sloan Dr Charlotte, NC	3.0	2.5	1462	$2,950	$2.02	25d	1	1.39mi
7229 Kavan Hunter Dr Charlotte, NC	3.0	2.0	1202	$1,850	$1.54	0d	1	1.40mi
211 Winding Canyon Dr Charlotte, NC	3.0	2.5	1488	$1,895	$1.27	0d	1	1.40mi
4717 Opus Ln Charlotte, NC	3.0	2.5	1441	$1,849	$1.28	4d	1	1.43mi
2962 Sloan Dr Charlotte, NC	3.0	2.5	1456	$1,800	$1.24	5d	1	1.45mi
2711 Kendrick Dr Charlotte, NC	4.0	2.0	1390	$1,845	$1.33	15d	1	1.47mi
310 Winding Canyon Dr Charlotte, NC	3.0	2.5	1470	$1,899	$1.29	4d	1	1.47mi

Listing history 20 events

1. 2026-06-21
   days on market $259,900 Active 200 DOM
2. 2026-06-18
   days on market $259,900 Active 197 DOM
3. 2026-06-17
   days on market $259,900 Active 196 DOM
4. 2026-06-16
   days on market $259,900 Active 195 DOM
5. 2026-06-15
   days on market $259,900 Active 194 DOM
6. 2026-06-13
   days on market $259,900 Active 192 DOM
7. 2026-06-10
   days on market $259,900 Active 188 DOM
8. 2026-06-08
   days on market $259,900 Active 187 DOM
9. 2026-06-07
   days on market $259,900 Active 186 DOM
10. 2026-06-04
    days on market $259,900 Active 183 DOM
11. 2026-06-03
    days on market $259,900 Active 182 DOM
12. 2026-06-02
    days on market $259,900 Active 181 DOM
13. 2026-06-02
    days on market $259,900 Active 180 DOM
14. 2026-05-31
    days on market $259,900 Active 179 DOM
15. 2026-01-30
    price $259,900
16. 2025-12-03
    listed $269,900 Active
17. 2025-02-12
    historical $1,485
18. 2025-02-07
    listed $1,485
19. 2018-01-16
    soldstatus $130,000
20. 1990-04-01
    soldstatus $78,000

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

Tax reassessment forecast NC · Resets to sale price

• Current annual tax: $1,925 · $160/mo
• Projected year-2 tax: $2,131 · $178/mo
• Expected delta: +$207/yr (+$17/mo · 10.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,939
• − Mortgage interest: −$14,558
• − Property taxes: −$1,925
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,915
• − Management: −$1,915
• − Depreciation: −$7,561
• Taxable loss: −$5,235
• Est. tax savings @ 24.0%: +$1,256
• After-tax cash flow: $588/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.

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

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 · 1,167,319 people
• City population: 920,422
• Metro: Charlotte-Concord-Gastonia, NC-SC
• Population (ZIP): 43,837
• Household income: $86,447
• Rent vs Own: 24.3% rent · 75.7% own
• Severe rent burden: 671.0

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 40% White 30% Hispanic / Latino 18% Two or more races 9% Asian 6%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1% Dominican 1%
• Common ancestry: Serbian 1% Italian 1% Slovak 1%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 77% English-only · Spanish 15% Vietnamese 2% Other Asian/Pacific 2%

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: ▼ -100.82%
• Current HPI: 277.2903
• Rent YoY: ▲ 3.35%
• 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
▸Retail	2	$95B
▸Industrial Conglomerate	1	$38B
▸Metals / Steel	1	$35B
▸Utilities	1	$30B
▸Industrial Machinery	1	$19B

Price history

+233.2% since first listed

6 events — show timeline

• 2026-01-30 Price Changed $259,900 CANOPYMLS as Distributed by MLS Grid
• 2025-12-03 Listed $269,900 CANOPYMLS as Distributed by MLS Grid
• 2025-02-12 Rental Removed $1,485 RENTSPREE
• 2025-02-07 Listed for Rent $1,485 RENTSPREE
• 2018-01-16 Sold (Public Records) $130,000 Public Records
• 1990-04-01 Sold (Public Records) $78,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,925 · +2.3% YoY. Source: county tax records.