668 Shellbark DrConcordNC28025
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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 668 Shellbark Dr, Concord, NC, 28025 uses $107,738 cash to close to unlock $3,096/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $2,239/mo, and a $1,591/mo payment keeps the spread at $258/mo. Purchase price stands at $325,000, and rental yield measures 8.27% with $2,239/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 118.1% and total cumulative return in cash records $127,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,239/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2012
0.18 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: Kris Rainey • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313113