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Charlotte Market Information

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Charlotte Facts

  • Population of 850,000
  • Largest city in North Carolina
  • 3rd fastest growing major city in the United States
  • 2nd largest banking center in the United States
  • Corporate headquarters of Bank of America

Average Returns

Average Cash on Cash Return:
5% – 7.5%

Average Annualized Return:
23% – 25%

Projected Appreciation:
5% – 7%

Average Monthly Cash Flow:
$200 – $300 /mo.

 

Average Expenses

Average Purchase Price:
$150,000- $206,000

Average Total Out of Pocket:
Starting at $52,000 avg. for financed deals

Average Age of Homes:
2018 – 2019

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