586 Gatsby 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
Rental property for sale in Concord at 586 Gatsby Pl NW, Concord, NC, 28027 offers $3,013/mo rent that, after a $2,770/mo payment. Total monthly income is $3,013/mo. Return on cash invested measures 17.25% in year one, and rental yield stands at 6.39% at a $565,900 entry. Equity gained on principal adds $3,652/yr while 5% annual appreciation compounds into $156,348 by year five. Five-year ROI records 88.42% and total cumulative return in cash reaches $164,614. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,013/mo property income versus a $2,770/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.22 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: Donna Wattinne • RE/MAX Leading Edge
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331334