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10
Values up to $368K, Rent steady
Updated yesterday • 14 new comps
Your Investment Paths
Turnkey Rental
The property at 3316 Miranda Road shows solid rental potential within the Charlotte market. Monthly income projections for similar homes in the area currently range between $2,027 and $2,192, offering a steady, reliable revenue stream. With an estimated rental yield of approximately 2.75%, this investment presents a moderate opportunity for those seeking consistent cash flow. Comparing your property against local comps highlights its competitiveness in today’s active rental landscape.
More about this home
Neighborhood Assessment
The area around 3316 Miranda Rd sits on the northwestern edge of Charlotte in the Sunset Road neighborhood—a largely residential zone with a more suburban, spacious feel thanks to larger lots and wooded properties. While you won’t get uptown walkability, you’ll appreciate peace, space, and quick access to highways that get you where you need to go. Schools nearby are average, but you’re close to parks and open land, so if you’re after privacy or room to expand, this ticks the box. Other homes on Miranda Rd vary a ton in price and size—from smaller ranches to massive estate-style properties. The comps are all over the place, ranging from $170K for a basic small single-family to over $1.4M for mini-mansions. That makes it a little unpredictable, but it also means there’s potential here for creative upgrades, subdividing, or future development as Charlotte keeps growing northward.
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Rental Income
$25K
Yield
2.8%
Year 1 Estimates
Fix-and-Flip
Upgrading your home creates a modern, refreshed feel that helps you stand out. These improvements boost your price per square foot to roughly $211, a notable increase over the typical $203. That represents a 4% gain. This refresh enhances your selling potential and keeps your property competitive, while potentially lifting rental appeal. A polished home creates an inviting lifestyle that buyers adore, making your space a standout choice in this local market.
Value Add
$13K
Post Typical Renovation
Buy-Rehab-Rent
This property shows stable potential with an After Repair Value reaching up to $382,000. While renovation gains appear modest, the target market supports strong rental demand, positioning this as a reliable long-term hold for investors. With estimated monthly rents of $2,164, the investment generates a 7.1% yield. This performance offers consistent cash flow in a steady market, making it a practical choice for those prioritizing income stability over rapid appreciation.
Rental Income
$26K
Yield
7.1%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$920K
$581.5K over comp median
Comparative Market Analysis
$295K – $380K
~35 days to sell
Based on 8 comps
3316 Miranda Rd, Charlotte Investment Report: Flip & Rental Analysis · Frontflip