5851 Misty Forest Pl 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 5851 Misty Forest Pl NW, Concord, NC, 28027 offers a 9.14% rental yield on a $335,000 purchase with $2,552/mo rent. Total monthly income registers $2,552/mo, and a $1,640/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,120/yr on $111,053 to close, and return on cash invested stands at 25.42% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 132.25% and total cumulative return in cash at $146,864. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,552/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.30 Acres lot
$N/A/sqft
No 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: Susan Carpenter • Keller Williams Unlimited
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322822