159 Pitts School Rd NWConcordNC28027
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Nearby investment properties with comparable prices
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 159 Pitts School Rd NW, Concord, NC, 28027 priced at $320,000 converts $2,262/mo rent into $312/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,262/mo, and annual cash flow totals $3,744/yr on $106,080 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 8.48% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 121.63% and total cumulative return in cash sums $129,027. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,262/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.25 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: Derek Blanton • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292062