230 Spring St NWConcordNC28025
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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 230 Spring St NW, Concord, NC, 28025 with 5% annual appreciation on a $199,500 basis while $1,825/mo rent supports operations. Total monthly income totals $1,825/mo and a $976/mo payment preserves $610/mo for cash returns. Annual cash flow comes to $7,315/yr on $66,134 deployed, and return on cash invested reaches 30.97% in year one. Equity gained on principal adds $1,287/yr, and five-year appreciation sums $55,118 alongside rental yield of 10.98%. Five-year ROI measures 162.04% and total cumulative return in cash totals $107,167.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,825/mo property income versus a $976/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.13 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: Marlon Blanding • Blanding Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331616