Lennon Plan, Childers ParkConcordNC28027
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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
Rental property for sale in Concord at Lennon Plan, Childers Park, Concord, NC, 28027 generates $2,686/mo in rent and, after a $2,061/mo payment, leaves $120/mo in cash flow. Total monthly income is $2,686/mo, and annual cash flow is $1,438/yr on $139,558 invested. Return on cash invested sits at 20.94% in year one, and rental yield is 7.66% on a $420,990 entry. Equity gained on principal adds $2,717/yr, while 5% annual appreciation builds toward $116,312 over five years. Five-year ROI reaches 108.23% and total cumulative return in cash sums $151,050. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,686/mo property income rather than buyer’s personal income.
Single Family
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: Sam Osteen • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A