196 Princess Ave SWConcordNC28025
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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
Investment property for sale in Concord at 196 Princess Ave SW, Concord, NC, 28025 uses $69,582 cash to close to unlock $4,441/yr annual cash flow and $370/mo monthly cash flow. Total monthly income runs $1,649/mo, and a $1,027/mo payment keeps the spread at $370/mo. Purchase price stands at $209,900, and rental yield measures 9.43% with $1,649/mo rent. Return on cash invested shows 26.29% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 137% and total cumulative return in cash records $95,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,649/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.33 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
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Listed by: Joe Puma • Puma & Associates Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280600