Why Charlotte?
The Charlotte, North Carolina MSA is one of the nation’s most explosive growth markets with home prices appreciating over 78% in the last 5 years! (Source: FHFA.gov). Known as “The Financial Capital of the South”, Charlotte is the biggest financial center in the U.S. after New York City, and it’s home to both Bank of America and Wells Fargo. Oh, and it’s the Pimento cheese capital of the world too. 🙂 Charlotte is the home of 9 Fortune 500 Companies and 18 Fortune 1,000 companies with job growth booming and low unemployment. (Source: BLS.gov) Charlotte also has lower than average home prices, lower than average cost of living, but an incredible quality of life. This perfect storm provides a uniquely investor-advantaged real estate market for buying and holding rental properties.
Property Highlights
- New Construction Single Family Rental Properties and Duplexes
- Established Communities
- Granite Countertops, Stainless Steel Appliances and a 2-10 Builder Warranty
- 6%+ Average Cap Rate
Market Highlights
- 7.6%+ Home Price Appreciation last year in the Charlotte MSAs (Source: FHFA.gov)
- 78% Home Price Appreciation in the Last 5 Years (Source: FHFA)
- 20% Population Growth in the Last Decade (Source: U.S. Census)
- Home of 9 Fortune 500 Companies including Bank of America and Wells Fargo