This Plaza Midwood single-family bungalow, with 2 beds and 1 bath over 1,060 sqft, sits in one of Charlotte’s highest-demand neighborhoods for young professionals and renters seeking walkability to NoDa and Midwood retail. Based on recent area comps and current market data, the rent potential is strong—expect $1,500–$1,750 per month. With this range, annual gross revenue would be $18K–$21K. Given current pricing and revenue, a payback period (not accounting for expenses or appreciation) would be lengthy, typical for high-value inner-city properties. The home’s original hardwoods, recent kitchen remodel, and classic curb appeal boost rental desirability, but the single bathroom may limit appeal for some tenants. The neighborhood’s trend of rising home values and rental rates signals continued rent growth, though increased inventory citywide is adding mild rent pressure.

To further maximize rental income, consider adding a second bathroom or creating a dedicated office/flex space to appeal to work-from-home professionals. Enhancing outdoor living (e.g., upgrading the screened porch or landscaping) could also increase perceived value. If you’re thinking of selling, highlight the walkability, recent renovations, and strong demand from tenants seeking this rare mix of charm and location. For buy-and-hold investors, steady appreciation and high occupancy rates in Plaza Midwood make this property a solid long-term rental play.