510 W Arrowood Rd, Charlotte, NC 28217, USA
Good Deal
72/100This deal is workable — with healthy equity after repairs and positive monthly cash flow. Watch that the price sits above market the rental yield is thin.
- $45k potential equity (23%)
- $263/mo positive cash flow
- Established neighborhood (87/100)
- Priced 18% above market
- Cap rate only 5.41%
Price vs. Market
ARV Assessment
The ARV range for the subject property after full renovation is estimated between $260,000 and $370,000 based on high-quality comparables with recent sales.
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Property presents in full gut condition. Estimated rehab of $6k covers structural, mechanical, and full interior.
Sales-comparison approach using 6 live sold comps from Realtor.com (filtered from 10 candidates), evaluated by LLM for proximity, recency, and renovation quality.
Comparable Sales
6 comps
Rental Income
Median area rent is $1,540/mo based on 3 comps. Standard deviation $222/mo indicates consistent pricing in the area.
2 more details
Based on 3 comparable rentals within 4.0 miles of similar houses, monthly rents range from $1,500 (25th percentile) to $1,900 (75th percentile), with a median of $1,540.
Median + 25th/75th percentile of comparable Realtor.com rentals within 4.0 miles. Standard deviation: $222.
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