44 Fenix Dr SWConcordNC28025
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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 44 Fenix Dr SW, Concord, NC, 28025 uses $72,599 cash to close to unlock $3,734/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $1,646/mo, and a $1,072/mo payment keeps the spread at $311/mo. Purchase price stands at $219,000, and rental yield measures 9.02% with $1,646/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 130.36% and total cumulative return in cash records $94,641. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,646/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.16 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: Kristina Dodds • Signified Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4163085
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 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)