Mercer Plan, Cannon RunConcordNC28027
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mercer Plan, Cannon Run, Concord, NC, 28027 priced at $533,990 converts $3,305/mo rent into $50/mo cash flow after a $2,614/mo obligation. Total monthly income equals $3,305/mo, and annual cash flow totals $603/yr on $175,683 invested. Return on cash invested prints 20.4% in year one, and rental yield reads 7.43% against a $533,990 entry. Equity gained on principal adds $3,446/yr, while 5% annual appreciation compiles into $147,532 by year five. Five-year ROI reaches 105.35% and total cumulative return in cash sums $185,087. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,305/mo property income covering a $2,614/mo payment, not borrower’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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A