3864 Meadow Ridge Dr 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 3864 Meadow Ridge Dr NW, Concord, NC, 28027 uses $157,463 cash to close to unlock $1,193/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $3,082/mo, and a $2,325/mo payment keeps the spread at $99/mo. Purchase price stands at $475,000, and rental yield measures 7.79% with $3,082/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 107.04% and total cumulative return in cash records $168,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,082/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.56 Acres lot
$N/A/sqft
$296 annually 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: Debbie Lipszyc • Giving Tree Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4253828
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-19 04:38:00 PDT. 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](/mls-disclaimers/#87)