428 Spruce Pl SEConcordNC28025
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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 428 Spruce Pl SE, Concord, NC, 28025 generates $3,532/mo in rent and, after a $2,619/mo payment, leaves $271/mo in cash flow. Total monthly income is $3,532/mo, and annual cash flow is $3,252/yr on $176,015 invested. Return on cash invested sits at 21.91% in year one, and rental yield is 7.92% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 113.4% and total cumulative return in cash sums $199,600. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,532/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28025, Concord, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,074 (100%) |
| Owner Occupied HU | 15,931 (66.2%) |
| Renter Occupied HU | 6,759 (28.1%) |
| Vacant Housing Units | 1,384 ( 5.7%) |
| Median Home Value | $356,267 |
| Average Home Value | $399,145 |
Housing Distribution
Address Breakdown
Residential
22,882
Single Family
21,679
Multi-Family
1,203
Businesses
1,495
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Listed by: Robbie Bendig • Lantern Realty & Development LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300575