510 W Arrowood Rd, Charlotte, NC 28217, USA
Good Deal
77/100This is an excellent deal — with healthy equity after repairs and positive monthly cash flow. Watch that the price sits above market.
- $70k potential equity (40%)
- $390/mo positive cash flow
- 6.19% cap rate
- Established neighborhood (87/100)
- Priced 4% above market
Price vs. Market
ARV Assessment
Offa lists this property with an After Repair Value of $245k. The subject's 1,004 sqft and 3bd/1ba layout is consistent with that valuation.
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Property presents in full gut condition. Estimated rehab of $6k covers structural, mechanical, and full interior.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.
Rental Income
Median area rent is $1,540/mo based on 3 comps. Standard deviation $222/mo indicates consistent pricing in the area.
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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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