3510 Backwater StConcordNC28027
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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
Rental property for sale in Concord at 3510 Backwater St, Concord, NC, 28027 priced at $339,270 pairs $2,430/mo rent with $194/mo cash flow after a $1,661/mo payment. Total monthly income equals $2,430/mo, and annual cash flow comes to $2,326/yr on $112,468 invested. Return on cash invested is 21.98% in year one, and rental yield stands at 8.59% on a $339,270 basis. Equity gained on principal adds $2,189/yr, and 5% annual appreciation accumulates to $93,734 by year five. Five-year ROI measures 114.45% and total cumulative return in cash reaches $128,717. For financing, Ziffy Mortgage’s DSCR program evaluates $2,430/mo property income against a $1,661/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
0.08 Acres lot
$N/A/sqft
$168 monthly 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: Jimmy McClurg • Meritage Homes of the Carolinas
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4218106
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-20 19:49:34 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)