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10244 Rose Meadow Ln
D Composite 42.69
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 +15.0/15.0
  • Schools +7.6/10.0
  • Cash flow +6.2/30.0
  • Livability +3.9/5.0
  • Condition / age +3.8/5.0
  • 1% rule +3.1/10.0
  • Rent growth +2.6/5.0
  • DSCR +0.5/10.0
  • Appreciation +0.0/10.0

$219,000

10244 Rose Meadow Ln · Charlotte, NC 28277
2 bd · 2.0 ba · 1,092 sqft · Townhouse · 244 Days on market
Built 1987 Good condition $201/sqft · 18% below area Est $266k · 18% under $295/mo HOA · 17% of rent ↓ 5% since listing

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

Listing remarks

Location, Location, Location!!! This spacious, one level condo just might be the one for you - it offers 2 bedrooms, 2 baths, kitchen w/ large pantry, spacious Great Room, new Hot Water Heater (Nov 2025) and overlooks the Raintree Country Club Golf Course. The building has an intercom system for security, and the condo is conveniently located close to Stonecrest, Ballantyne, Arboretum and I-485. The condo is being sold "as is" and this is reflected in the lower price.

Key facts

  • Close to i-485
  • Secured building
  • Close to stonecrest

Tags

SECURED BUILDINGONE LEVEL LIVINGCLOSE TO STONECRESTCLOSE TO BALLANTYNECLOSE TO ARBORETUMCLOSE 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 $219k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-404 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $161k (26.7% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (18.8% below list).
  • Recommended offer: $161k (26.7% below list) — sets the bar for cash-flow.
  • Cap rate 4.1% 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: Mcalpine Elementary (math 62% / reading 60%, grade B, #196 of 1,410 statewide, top 14%, 564 students, 24% FRL); Jay M. Robinson Middle (math 81% / reading 78%, grade A+, #9 of 475 statewide, top 2%, 1,305 students, 10% FRL); Providence High School (math 89% / reading 88%, grade A, #47 of 535 statewide, top 9%, 2,048 students, 11% FRL) — zoned schools average 15% FRL vs 49% district-wide (34 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 76% at this address vs 44% district-wide (+32 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 flat; 612 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 11,969 units permitted in Mecklenburg County in 2024 (5,377 in 5+ unit buildings).
  • This rent is only 17% of the median local income ($129k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 244 days — a 12% lower offer ($193k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $160,607 (26.7% 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 244 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.81%
Cap rate
4.08%
Cash-on-cash
-7.90%
DSCR
0.65
GRM
10.3

CMA / ARV

ARV (median comp)
$266,099
List price
$219,000
Delta
-15.45%
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
8275 Golf Ridge Dr 0.21mi 2/2.5 1,114 (+2%) 2mo $197,000 $177 83
10910 Winterbourne Ct 0.13mi 2/2.0 1,152 (+6%) 3mo $315,000 $273 82
10922 Winterbourne Ct 0.10mi 2/2.0 1,187 (+9%) 1mo $325,000 $274 80
10942 Winterbourne Ct 0.09mi 2/2.5 1,158 (+6%) 7mo $320,000 $276 77
8214 Circle Tree Ln 0.40mi 2/2.5 1,106 (+1%) 4mo $242,000 $219 74
8237 Circle Tree Ln 0.35mi 2/2.5 1,030 (-6%) 0mo $253,000 $246 72
8157 Circle Tree Ln 0.43mi 2/2.5 1,118 (+2%) 2mo $279,900 $250 72
10935 Winterbourne Ct 0.13mi 2/2.0 1,180 (+8%) 10mo $310,000 $263 72
10812 Winterbourne Dr 0.22mi 2/2.5 1,155 (+6%) 9mo $330,000 $286 70
8253 Circle Tree Ln 0.33mi 2/1.5 997 (-9%) 0mo $234,700 $235 68
8240 Circle Tree Ln 0.38mi 2/2.5 1,033 (-5%) 7mo $250,000 $242 66
8250 Circle Tree Ln 0.36mi 2/1.5 995 (-9%) 10mo $290,000 $291 58

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 · 0.59% rent growth · sell at horizon

5-year hold
IRR
-33.4%
Equity multiple
-0.06×
Total profit
$-65,192
Equity at exit
$32,654
10-year hold
IRR
-62.9%
Equity multiple
-0.72×
Total profit
$-105,483
Equity at exit
$18,935

Cash invested: $61,320 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
6 active · 8 under contract
Months of supply
5.1 mo (19%/mo absorbed)
Median asking
$276,500 ($263/sqft)
Median days on market
48 d
This list price
lowest-priced of the active set
ARV vs active asking
-7.3% vs current asking $/sqft

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

ZIP-level market 28277

Home prices YoY
-21.2%
Rents YoY
0.6%
Active inventory
612
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$1,778 high interval (Pro) →
Mortgage (P&I)
$1,148
Tax est. 1.5%
$274 /mo · $3,285/yr
Insurance
$91
HOA
$295
Vacancy / Maint / Mgmt
$373
Net cashflow
$-404

Break-even live

Break-even rent $2,289
Max offer price $160,607
Occupancy floor

Sensitivity live

Price -10% $-252 -5% $-328 +0% $-404 +5% $-479 +10% $-555
Rent -10% $-544 -5% $-474 +0% $-404 +5% $-333 +10% $-263
Rate -1.0pp $-293 -0.5pp $-348 base $-404 +0.5pp $-460 +1.0pp $-518

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
$54,750
Closing costs
$6,570
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 23 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
10250 Rose Meadow Ln Charlotte, NC 2.0 2.0 1040 $1,495 $1.44 43d 1 0.02mi
10280 Rose Meadow Ln Unit 104 Charlotte, NC 3.0 2.0 1439 $1,650 $1.15 81d 1 0.04mi
10280 Rose Meadow Ln Unit 301 Charlotte, NC 3.0 2.0 1439 $1,600 $1.11 5d 1 0.05mi
10280 Rose Meadow Ln Charlotte, NC 3.0 2.0 1439 $1,795 $1.25 112d 1 0.05mi
8281 Golf Ridge Dr Charlotte, NC 2.0 1.5 990 $1,650 $1.67 43d 1 0.24mi
8289 Golf Ridge Dr Charlotte, NC 2.0 1.5 972 $1,595 $1.64 9d 1 0.24mi
8203 Golf Ridge Dr Charlotte, NC 2.0 2.5 1047 $1,795 $1.71 40d 1 0.25mi
8288 Golf Ridge Dr Charlotte, NC 3.0 2.0 1373 $2,050 $1.49 4d 1 0.28mi
8268 Golf Ridge Dr Charlotte, NC 2.0 2.5 1098 $1,795 $1.63 119d 1 0.30mi
8268 Golf Ridge Dr Charlotte, NC 2.0 2.5 1098 $1,695 $1.54 9d 1 0.30mi
8268 Golf Ridge Dr Charlotte, NC 2.0 2.5 1098 $1,695 $1.54 30d 1 0.30mi
7810 Spindletop Pl Charlotte, NC 1.0–3.0 1.0–2.5 1769 $2,728 $1.54 0d 41 0.97mi
4101 Ivystone Ct Charlotte, NC 2.0 2.5 1241 $1,795 $1.45 119d 1 1.12mi
4074 N Course Dr Charlotte, NC 2.0 1.5 1122 $1,595 $1.42 119d 1 1.33mi
4091 N Course Dr Charlotte, NC 2.0 2.5 1052 $1,950 $1.85 56d 1 1.34mi
8620 Bella Reese Rd Charlotte, NC 1.0–3.0 1.0–2.0 1134 $1,719 $1.52 0d 16 1.37mi
6929 Walnut Branch Ln Charlotte, NC 3.0 2.5 1372 $2,595 $1.89 103d 1 1.41mi
10500 Midway Park Dr Charlotte, NC 2.0 1.0–2.5 1483 $5,874 $3.96 0d 42 1.42mi
7420 N Rea Pk Ln Charlotte, NC 1.0–3.0 1.0–3.5 1354 $2,792 $2.06 0d 29 1.43mi
7420 N Rea Park Ln Unit Augusta I & II Charlotte, NC 1.0 1.0 761 $1,770 $2.33 119d 1 1.44mi
7420 N Rea Park Ln Unit Oakmont Charlotte, NC 2.0 2.0 1244 $2,186 $1.76 119d 1 1.44mi
7420 N Rea Park Ln Charlotte, NC 3.0 2.0 1478 $3,065 $2.07 119d 1 1.44mi
9112 Four Mile Creek Rd Charlotte, NC 2.0 2.0 1092 $1,695 $1.55 27d 1 1.46mi

Property features AI

Finance

HOA & community
HOA managed by Braesael ManagementMandatory HOA duesHOA fee $280 monthly

Exterior

Parking
Assigned parking
Security
Intercom
Utilities
City waterPublic sewer
Home design
Residential condominiumOne levelEntry level: 2
Construction
Site builtVinyl exteriorSlab foundation
Exterior features
BalconyOn golf courseAsphalt/paved roadsPrivate maintained road

Interior

Kitchen
DishwasherElectric rangeRefrigerator
Bedrooms
2 bedrooms on the main level
Flooring
CarpetTile
Bathrooms
2 full bathrooms
Heating & cooling
Electric heatingElectric cooling
Interior features
Breakfast barWalk-in closet(s)Walk-in pantryIntercom
Laundry & utility
Washer and dryerUtility room

HOA detail $295/mo · $3,540/yr

Likely covers
watersecurity

Listing history 50 events

  1. 2026-09-24
    days on market $219,000 Active 244 DOM
  2. 2026-09-23
    days on market $219,000 Active 243 DOM
  3. 2026-09-22
    pricedays on market $219,000 Active 242 DOM
  4. 2026-09-21
    days on market $225,000 Active 241 DOM
  5. 2026-09-20
    days on market $225,000 Active 240 DOM
  6. 2026-09-19
    days on market $225,000 Active 239 DOM
  7. 2026-09-18
    days on market $225,000 Active 238 DOM
  8. 2026-09-17
    days on market $225,000 Active 237 DOM
  9. 2026-09-16
    days on market $225,000 Active 236 DOM
  10. 2026-09-15
    days on market $225,000 Active 235 DOM
  11. 2026-09-14
    days on market $225,000 Active 234 DOM
  12. 2026-09-13
    days on market $225,000 Active 233 DOM
  13. 2026-09-12
    days on market $225,000 Active 232 DOM
  14. 2026-09-11
    days on market $225,000 Active 231 DOM
  15. 2026-09-05
    days on market $225,000 Active 225 DOM
  16. 2026-09-04
    days on market $225,000 Active 224 DOM
  17. 2026-09-03
    days on market $225,000 Active 223 DOM
  18. 2026-08-31
    days on market $225,000 Active 220 DOM
  19. 2026-08-30
    days on market $225,000 Active 219 DOM
  20. 2026-08-29
    days on market $225,000 Active 218 DOM
  21. 2026-08-28
    days on market $225,000 Active 217 DOM
  22. 2026-08-27
    days on market $225,000 Active 216 DOM
  23. 2026-08-25
    days on market $225,000 Active 214 DOM
  24. 2026-08-24
    days on market $225,000 Active 213 DOM
  25. 2026-08-23
    days on market $225,000 Active 212 DOM
  26. 2026-08-22
    days on market $225,000 Active 211 DOM
  27. 2026-08-21
    days on market $225,000 Active 210 DOM
  28. 2026-08-20
    days on market $225,000 Active 209 DOM
  29. 2026-08-19
    days on market $225,000 Active 208 DOM
  30. 2026-08-18
    days on market $225,000 Active 207 DOM
  31. 2026-08-17
    days on market $225,000 Active 206 DOM
  32. 2026-08-16
    days on market $225,000 Active 205 DOM
  33. 2026-08-15
    days on market $225,000 Active 204 DOM
  34. 2026-08-14
    days on market $225,000 Active 203 DOM
  35. 2026-08-13
    days on market $225,000 Active 202 DOM
  36. 2026-08-12
    days on market $225,000 Active 201 DOM
  37. 2026-08-11
    days on market $225,000 Active 200 DOM
  38. 2026-08-10
    days on market $225,000 Active 199 DOM
  39. 2026-08-09
    days on market $225,000 Active 198 DOM
  40. 2026-08-08
    days on market $225,000 Active 197 DOM
  41. 2026-08-06
    days on market $225,000 Active 195 DOM
  42. 2026-08-05
    days on market $225,000 Active 194 DOM
  43. 2026-08-04
    days on market $225,000 Active 193 DOM
  44. 2026-08-03
    days on market $225,000 Active 192 DOM
  45. 2026-07-31
    days on market $225,000 Active 189 DOM
  46. 2026-07-30
    days on market $225,000 Active 188 DOM
  47. 2026-07-30
    days on market $225,000 Active 187 DOM
  48. 2026-07-28
    days on market $225,000 Active 186 DOM
  49. 2026-07-26
    days on market $225,000 Active 184 DOM
  50. 2026-07-23
    days on market $225,000 Active 181 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 · 16 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$21,341
− Mortgage interest
−$12,267
− Property taxes
−$3,285
− Insurance
−$1,095
− Repairs & maintenance
−$1,707
− Management
−$1,707
− HOA
−$3,540
− Depreciation
−$6,371
Taxable loss
−$8,632
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,072
After-tax cash flow
$-2,771/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 · 13 photos

Good 75/100 Cosmetic rehab Est. rehab $5,460–$16,380 screening

This one-level townhouse is in good condition with no major repairs needed. It has a good roof, exterior siding, and interior walls. The HVAC system is in good condition. The home is conveniently located and offers 2 bedrooms and 2 bathrooms. The home is being sold 'as is' and the lower price reflects the lack of major repairs needed.

Value-add opportunities

  • Both Paint the exterior siding — Painting the exterior siding can improve the curb appeal and increase the home's value.
  • Both Replace the HVAC filter — Replacing the HVAC filter can improve air quality and energy efficiency, which can increase the home's value.

ⓘ 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.

B Composite school gradezoned avg 76/100

Zoned Schools

Elementary Mcalpine Elementary B NC #196/1,410 Nat'l #6,943/41,679 Middle Jay M. Robinson Middle A+ NC #9/475 Nat'l #292/14,009 High Providence High School A NC #47/535 Nat'l #508/17,239

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)
73,882
Household income
$128,627
Rent vs Own
39.1% rent · 60.9% own
Severe rent burden
11% 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 0.59)
Race & ethnicity
White 60% Asian 16% Two or more races 10% Black 9% Hispanic / Latino 8%
Hispanic origin (detail)
Mexican 2% Puerto Rican 1%
Common ancestry
Romanian 3% Lithuanian 3% Slovak 2%
Foreign-born
22% · Canada, China, Jamaica
Languages at home
75% English-only · Other Asian/Pacific 6% Other Indo-European 6% Spanish 6%

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

-4.6% since first listed
3 events — show timeline
  • 2026-03-11 Price Changed $229,000 CANOPYMLS as Distributed by MLS Grid
  • 2026-02-18 Price Changed $235,000 CANOPYMLS as Distributed by MLS Grid
  • 2026-01-23 Listed $240,000 CANOPYMLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…