2862 Walsh Dr NW #99ConcordNC28027
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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 2862 Walsh Dr NW #99, Concord, NC, 28027 uses $36,432 cash to close to unlock $2,221/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $855/mo, and a $538/mo payment keeps the spread at $185/mo. Purchase price stands at $109,900, and rental yield measures 9.34% with $855/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 135.55% and total cumulative return in cash records $49,384. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $855/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A 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: Makaylah Jarrett • Silver Maples
Mls Name: My State MLS
Mls ID: #11478344