Bld 2 Rice StLandisNC28027
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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 Landis at Bld 2 Rice St, Landis, NC, 28027 at $1,149,900 posts ROI 7.55% with from $3,088/mo rent. Total monthly income equals $3,088/mo. Return on cash invested measures 7.55% and rental yield reads 3.22% at the current $1,149,900. Equity gained on principal adds $7,420/yr, and 5% annual appreciation supports $317,696 by year five. Five-year ROI prints 36.43% and total cumulative return in cash totals $135,722. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,088/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2025
0.85 Acres lot
$N/A/sqft
$60 monthly 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: Chantel Staney • CEDAR REALTY LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4261266
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-27 08:43:33 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)