5-bed townhouse for sale in Charlotte — $395K | Dwelfy

Deals · 6443 Prosperity Church Rd, Charlotte, NC 28269

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Thin — worth an offer, not the asking price

Rented normally, you'd make about $68 a month.

That is thin: one empty month wipes out a year of that profit. The rent is our own estimate, not a signed tenancy. The problem is the gap between them is too small to absorb anything going wrong.

6443 Prosperity Church Rd, Charlotte, NC 28269 · 2,159 sqft · $183/sqft

5 BED TOWNHOUSEListed 57d ago

$394,900

List price

Monthly profit

+$68/mo

Cash needed

$108K

+ refurb costs

Return after costs

0.3%

Cash return

0.8%

Solid

Rented normally at the asking price, this works with risks you can price in — 9.20% return before costs on price.

Why it works

9.20% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …

What if…

Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent).

You keep$68/mo

Cash in$261,610

Lender89%

Where the rent goes$2,913/mo in

The mortgage 65%Running costs 33%You keep 2%

What you put in$261,610 up front

Deposit 37%Purchase tax 3%Doing it up 57%Fees 3%

Offer

Deposit

Mortgage rate

Standard rental

Rent

Empty weeks a year

Doing it up

Estimated, not surveyed — nobody has been inside.

More assumptions9

Mortgage term

Stress rate

Solicitor + survey

Lender fees

Letting agent

Insurance

Maintenance

Service charge

Ground rent

Where these figures came from15

Offer the asking price$394,900Asking price from listing

Deposit a typical assumption25%Standard 75% LTV for rental

Mortgage rate a typical assumption7.00%5-year fixed (market average) — 7.00% (as of 2026-05).

Rent worked out from local rents$3,029/moEstimated rent from 28 comparables. Range $2,860–$3,208/mo.

Empty weeks a year a typical assumption2 wksTypical voids for rental

Doing it up a typical figure, not a quote$153,210Tiered estimate (full refurb): $107,005–$199,415 range from $/sqft + per-room model

Mortgage term a general default, not this property30 yrs

Stress rate a typical assumption8.00%Fed base + 2pp stress (8.0%)

Solicitor + survey a typical figure, not a quote$2,150Standard house — $1,400 legal + $750 survey

Lender fees a typical figure, not a quote$6,9242% product fee on $296,175 loan + $1,000 booking fee

Letting agent a typical assumption10%Typical rental agency rate

Insurance a typical figure, not a quote$28/moTypical building+landlord cover for $200K–$400K

Maintenance a general default, not this property$67/moDefault $67/mo — type unknown

Service charge a typical figure, not a quote$0/moFreehold — no service charge

Ground rent a typical figure, not a quote$0/moFreehold — no ground rent

These are this page's own derivation notes, unedited. A figure marked a typical figure, not a quote is our model of a cost for a property of this kind in this area — not a price anybody has given you, and the first thing worth replacing with a real one.

Notes

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List price$394,900