106 Easy StConcordNC28027
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Concord at 106 Easy St, Concord, NC, 28027 offers $1,820/mo rent that, after a $1,292/mo payment, leaves $211/mo cash flow. Total monthly income is $1,820/mo, and annual cash flow is $2,534/yr on $87,516 cash. Return on cash invested measures 22.8% in year one, and rental yield stands at 8.27% at a $264,000 entry. Equity gained on principal adds $1,704/yr while 5% annual appreciation compounds into $72,938 by year five. Five-year ROI records 118.29% and total cumulative return in cash reaches $103,525. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,820/mo property income versus a $1,292/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28027, Concord, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,521 (100%) |
| Owner Occupied HU | 20,561 (59.6%) |
| Renter Occupied HU | 12,306 (35.6%) |
| Vacant Housing Units | 1,654 ( 4.8%) |
| Median Home Value | $407,377 |
| Average Home Value | $451,720 |
Housing Distribution
Address Breakdown
Residential
32,011
Single Family
28,282
Multi-Family
3,729
Businesses
2,407
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Listed by: Paul Sum • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4232785
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-14 08:44:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)