Charlotte, NC — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.1%
Below average
Monthly Cash Flow
-$1,154
After all expenses
Price-to-Rent
17.0
Overpriced for rent
DSCR
0.49
Fails
📊 Key Metrics
- Median Home Price
- $401,665
- Average Rent (3BR)
- $2,160/mo
- Price-to-Rent Ratio
- 17.0(high)
- 1% Rule
- 0.49%(fails — need 1%+)
- Cash-on-Cash Return
- -14.3%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
+3,544 households
GROWING
Total Inflow
22,170
households moved in
Avg Income (New Residents)
$93,411
per household
Where they're coming from:
1.Durham, NC3,486 households · avg $81,712
2.Guilford, NC729 households · avg $67,273
3.Franklin, NC664 households · avg $55,128
4.Harnett, NC624 households · avg $48,207
5.Cumberland, NC544 households · avg $50,801
Where residents are leaving to:
1.Durham, NC3,535 households
2.Franklin, NC1,419 households
3.Harnett, NC1,280 households
4.Chatham, NC654 households
5.Guilford, NC629 households
💡 Strong net inflow suggests growing rental demand and upward pressure on rents.
🏘️ Best Zip Codes in Charlotte for Investors
All Zip Codes in Charlotte
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 28202 | 4.8% | -$566 | $416,237 | $2,730/mo | 0.74 |
| 28217 | 4.7% | -$466 | $332,008 | $2,160/mo | 0.74 |
| 28262 | 4.6% | -$518 | $347,011 | $2,220/mo | 0.72 |
| 28273 | 4.5% | -$589 | $372,096 | $2,340/mo | 0.70 |
| 28269 | 4.3% | -$612 | $360,895 | $2,220/mo | 0.68 |
| 28214 | 4.2% | -$631 | $338,228 | $2,010/mo | 0.65 |
| 28212 | 4.1% | -$606 | $323,613 | $1,920/mo | 0.65 |
| 28216 | 4.1% | -$622 | $322,216 | $1,890/mo | 0.64 |
| 28208 | 3.7% | -$682 | $303,163 | $1,660/mo | 0.58 |
| 28213 | 3.7% | -$747 | $328,638 | $1,790/mo | 0.57 |
| 28215 | 3.2% | -$932 | $352,393 | $1,760/mo | 0.50 |
| 28206 | 3.1% | -$902 | $331,011 | $1,620/mo | 0.49 |
| 28278 | 3.1% | -$1,376 | $502,296 | $2,450/mo | 0.49 |
| 28204 | 2.8% | -$1,752 | $587,225 | $2,690/mo | 0.44 |
| 28277 | 2.6% | -$1,969 | $618,216 | $2,680/mo | 0.40 |
| 28203 | 2.4% | -$2,265 | $688,931 | $2,900/mo | 0.38 |
| 28205 | 2.1% | -$1,649 | $464,893 | $1,810/mo | 0.33 |
| 28210 | 2.0% | -$2,070 | $571,220 | $2,170/mo | 0.32 |
| 28097 | 1.9% | -$1,461 | $387,093 | $1,400/mo | 0.29 |
| 28270 | 1.7% | -$2,658 | $684,012 | $2,380/mo | 0.27 |
| 28209 | 1.5% | -$2,732 | $668,279 | $2,160/mo | 0.23 |
| 28226 | 1.3% | -$2,889 | $680,506 | $2,070/mo | 0.20 |
| 28211 | 0.7% | -$4,402 | $922,120 | $2,210/mo | 0.10 |
| 28207 | -0.4% | -$9,191 | $1,622,994 | $2,130/mo | -0.06 |