5937 Firethorne LnConcordNC28025
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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 5937 Firethorne Ln, Concord, NC, 28025 offers a 8.84% rental yield on a $359,900 purchase with $2,652/mo rent. Total monthly income registers $2,652/mo, and a $1,762/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,497/yr on $119,307 to close, and return on cash invested stands at 24.52% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 127.46% and total cumulative return in cash at $152,066. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,652/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.29 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: Robert Salmons • Entera Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318650