242 White St NWConcordNC28027
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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 242 White St NW, Concord, NC, 28027 listed at $350,000 pairs $2,270/mo rent with a $1,713/mo payment to leave $137/mo cash flow. Total monthly income runs $2,270/mo, and annual cash flow reaches $1,644/yr on $116,025 cash to close. Return on cash invested measures 21.33% in year one, and rental yield registers 7.78% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 110.31% and total cumulative return in cash totals $127,982. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,270/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.36 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: Johan Filpo • Citywide Group Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4285056