Rental Property Investment Analysis
Investment metrics for 1108 Herrin Ave, Charlotte, NC 28205
zillow
Single Family Residence
📍 1108 Herrin Ave, Charlotte, NC 28205
$980,000
🛏 3 bed
🚿 3 bath
📐 2,854 sqft
18
/ 100
Deal Score
F
High Risk Investment
Grade F · 18/100
Monthly Cash Flow
$-741
After all expenses
Cap Rate
5.32%
Below 6% threshold
Monthly Rent
$6,370/mo
Estimated
Total Expenses
$7,111/mo
All-in monthly
Cash-on-Cash
-3.95%
Low return
Annual Cash Flow
$-8,896
Per year
Break-Even Analysis
Break-Even Rent
$7,111 / mo
Minimum monthly rent needed to cover all estimated expenses
Area Lifestyle & Investment Notes
- ▸Diverse retail and dining corridors within this district provide high walkability, appealing to young professionals seeking active urban environments.
- ▸Central positioning allows for efficient commutes to the downtown financial hub, driving consistent rental demand from the local workforce.
- ▸Evolving residential pockets characterized by historic charm and modern density attract stable long-term tenants seeking a vibrant neighborhood atmosphere.
Key Takeaway
Investor Summary
Under current assumptions, this property is a high-risk rental investment (18/100) with a negative cash flow of $-741/mo. A meaningfully lower purchase price or stronger rent performance would likely be needed to make this deal work.
Analysis Summary
This Single Family Residence at 1108 Herrin Ave, Charlotte, NC 28205 is listed at $980,000 with 3 bed / 3 bath and 2,854 sq ft.
The estimated monthly rent is $6,370, generating a negative monthly cash flow of $-741 after all expenses — including mortgage, taxes, insurance, maintenance, and vacancy reserves.
The cap rate is 5.32% and the cash-on-cash return is -3.95%. This deal received a score of 18/100 (Grade F: High Risk Investment).
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