194 Cedar Dr NWConcordNC28025
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 194 Cedar Dr NW, Concord, NC, 28025 in Concord earns a 9.79% gross yield at $259,400. Rent of $2,116/mo nets $535/mo after the $1,166/mo mortgage. The 1.81 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $71,667 and $2,389/yr in equity accumulation project a total cumulative return of $132,724.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.2% |
| Monthly Cash Flow | $535 | $1,250 |
City averages based on Concord market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,116 |
| Total Monthly Debt Service | $1,478 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.17 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
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
Single Family
Built in 1900
0.17 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: Mike Chisholm • Howard Hanna Allen Tate Concord
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295579