59 McKinnon Ave NEConcordNC28025
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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 59 McKinnon Ave NE, Concord, NC, 28025 at $235,000 posts ROI 20.22% with $20/mo cash flow from $1,452/mo rent. Total monthly income equals $1,452/mo, and annual cash flow records $240/yr on $77,903 to close. Return on cash invested measures 20.22% and rental yield reads 7.41% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 104.35% and total cumulative return in cash totals $81,292.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,452/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
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: Matt Stone • Stone Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331741