3520 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
Investment property for sale in Concord at 3520 Backwater St, Concord, NC, 28027 listed at $321,870 pairs $2,430/mo rent with a $1,575/mo payment to leave $301/mo cash flow. Total monthly income runs $2,430/mo, and annual cash flow reaches $3,609/yr on $106,700 cash to close. Return on cash invested measures 23.29% in year one, and rental yield registers 9.06% at a $321,870 basis. Equity gained on principal adds $2,077/yr, and annual property appreciation at 5% supports $88,927 by year five. Five-year ROI tracks 121.53% and total cumulative return in cash totals $129,674. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,430/mo property income relative to a $1,575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2025
0.07 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: #4218107
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-20 20:04:20 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)