750 Spring St SWConcordNC28025
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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 750 Spring St SW, Concord, NC, 28025 listed at $375,000 pairs $2,533/mo rent with a $1,835/mo payment to leave $248/mo cash flow. Total monthly income runs $2,533/mo, and annual cash flow reaches $2,976/yr on $124,313 cash to close. Return on cash invested measures 22.3% in year one, and rental yield registers 8.11% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 115.54% and total cumulative return in cash totals $143,631. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,533/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.87 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 Davis • The Finer Homes Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331402