Zip Code 28204 — Charlotte, NC
🔴WEAK— appreciation play onlyCap Rate
2.8%
Monthly Cash Flow
-$1,752
Median Home Price
$587,225
DSCR
0.44
🏠 Fair Market Rents
- Studio
- $1,870/mo
- 1 Bedroom
- $1,920/mo
- 2 Bedroom
- $2,160/mo
- 3 Bedroom
- $2,690/mo
- 4 Bedroom
- $3,450/mo
📊 Investment Metrics
- Cap Rate
- 2.8%
- Cash-on-Cash Return
- -15.6%
- Price-to-Rent Ratio
- 18.2
- 1% Rule
- 0.46%
- Gross Rent Multiplier
- 18.2
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →