323 Atherton St Charlotte, NC, 28203
5 bed • 4 bath • 15 guests
Est. $7,674/mo
This property is for sale!
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Airbnb Investor Score
-$15,084
Annual Profit
5.8%
Cap Rate
-4.0%
Cash on Cash
$122,444
Annual Revenue
BNBCalc predicts this property will get $578 per night with 58% occupancy, putting it in the top 52% revenue percentile compared to similar properties nearby.
Top 56% of comparables
Top 26% of comparables
Seasonality
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Airbnb Comparables
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$115,076
Avg annual revenue
58%
Avg occupancy rate
$578
Avg nightly rate
Any type
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Apartment
Any min stay
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Revenue per year
$30k
$115k
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-$15,084
Profit
Revenue
$122,444
Operating Expenses
$29,598
Operating Income
$92,847
Mortgage & Taxes
$107,931
Profit (Cash Flow)
-$15,084
$381,000
Cash Investment
Down Payment
$320,000
Renos & Furnishing
$13,000
Closing Costs
$48,000
Total
$381,000
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-3.95%
Cap Rate
5.8%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$75,938
Deductible property tax
$15,840
Your total deduction
$120,494
Your adjusted annual income
$150,000 - $120,494 = $29,506
Taxes on $29,506 (30%)
$8,852
Your old tax bill
$45,000
Your new tax bill
$8,852
Estimated tax savings
$36,148
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
8,370 sqft
Year built:
2008
Size:
3,188 sqft
Type:
SFR
Parking:
-
Heating:
Forced Air Unit
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 405 E Tremont Ave | 5 | 3 | 3,396 | - | 7,897 | 2014 | $608,576 | - |
| 2210 Sarah Marks Ave | 4 | 3 | 3,193 | - | 9,429 | 1925 | $1,575,000 | - |
| 2219 Winthrop Ave | 3 | 3 | 3,134 | - | 7,484 | 2010 | $1,569,000 | - |
| 2008 Floral Ave | 4 | 3 | 3,318 | - | 8,040 | 2006 | $1,614,000 | - |
| 2501 Marshall Pl | 4 | 3 | 3,474 | - | 10,912 | 2014 | $1,900,000 | - |
| 2209 Floral Ave | 4 | 3 | 3,528 | - | 11,292 | 2012 | $1,775,000 | - |
| 1816 Dilworth Rd E | 3 | 2 | 1,728 | - | 7,534 | 1983 | $0 | - |
| 825 E Worthington Ave | 2 | 2 | 2,332 | - | 6,733 | 1925 | $0 | - |
| 2112 Scott Ave | 3 | 2 | 1,393 | - | 6,880 | 1939 | $740,000 | - |
| 1818 Dilworth Rd E | 2 | 2 | 1,728 | - | 5,872 | 1983 | $0 | - |
Property Details
- MLS Status: Active
- Property Use: Single Family Residence
- Stories: 2
- Lot size: 8,370 sqft
- Building area: 3,188 sqft
- Garage: No
- Heating: Forced air unit
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R-5
- Land Use: Residential
- Parcel Number: 12107411
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2023
- Assessed Value: $865,100
- County Est. Land Value: $450,000
- Assessed Land Value: $450,000
- County Est. Structure Value: $415,100
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 02/22/22 | $885,000 | 95% | Fernando Said Escaffi |
| 10/15/21 | $0 | 0% | Jason Thomas Lottman |
| 09/06/19 | $770,000 | 75% | The Veretta Group Llc |
| 04/26/19 | $770,000 | 3246% | Ribbon Home Spv 1 Llc |
| 07/05/16 | $675,000 | 100% | Amit Janani |
| 09/30/10 | $404,000 | 95% | Francis J Warmoth, Crystal G Warmoth |
| 10/25/07 | $200,000 | 167% | Ruth Anne Rosario |
| 10/25/07 | $200,000 | 90% | Ruth Anne Rosario |
| 05/06/05 | $136,000 | 78% | Bernice Rata |
| 06/27/00 | $0 | 0% | E R Christman, Peggy H Christman |
Ownership
- Name: Fernando Escaffi
- Owner Occupied: Yes
- Owner Mailing Address: 323 Atherton St, Charlotte, NC 28203
- Years Owned: 33
- Home Equity: $493,250
- Mortgage Balance Remaining: $840,750
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No
Schools
- Elementary School: Sedgefield Elementary0
- Middle School: Alexander Graham Middle with 7/10 star rating
- High School: Myers Park High with 6/10 star rating