166 McKinnon Ave NEConcordNC28025
Nearby investment properties with comparable rents
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 166 McKinnon Ave NE, Concord, NC, 28025 priced at $245,000 converts $1,732/mo rent into $239/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,732/mo, and annual cash flow totals $2,868/yr on $81,218 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 8.48% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 121.64% and total cumulative return in cash sums $98,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,732/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28025, Concord, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,074 (100%) |
| Owner Occupied HU | 15,931 (66.2%) |
| Renter Occupied HU | 6,759 (28.1%) |
| Vacant Housing Units | 1,384 ( 5.7%) |
| Median Home Value | $356,267 |
| Average Home Value | $399,145 |
Housing Distribution
Address Breakdown
Residential
22,882
Single Family
21,679
Multi-Family
1,203
Businesses
1,495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Salazar • SA Carolinas Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299917