767 Lock Haven Dr 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
Investment property for sale in Concord at 767 Lock Haven Dr NW, Concord, NC, 28027 with 5% annual appreciation on a $378,240 basis while $2,430/mo rent supports operations. Total monthly income totals $2,430/mo and a $1,851/mo payment preserves $125/mo for cash returns. Annual cash flow comes to $1,501/yr on $125,387 deployed, and return on cash invested reaches 21.11% in year one. Equity gained on principal adds $2,441/yr, and five-year appreciation sums $104,501 alongside rental yield of 7.71%. Five-year ROI measures 109.16% and total cumulative return in cash totals $136,872.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,430/mo property income versus a $1,851/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
N/A 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: N/A • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A