ZIP CODE 28025 // CHARLOTTE-CONCORD-GASTONIA, NC-SC // DATA AS OF 2026-09-30
Concord, NC (28025) Rental Property Cap Rate & Cash Flow Report
Located in Cabarrus County (Concord, NC), Zip Code 28025 ranks #96 of 500 within this selected sample (81th percentile) with a Zillow ZHVI typical home-value index of $339,208 (-0.5% YoY) and a ZORI observed market rent of $1,835/mo (+1.6% YoY). Requires at least 41.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$458/mo
Annual: -$5,495/yr
Modeled Cap Rate
4.45%
NOI: $15,087/yr
Cash-on-Cash Return
-7.04%
Cash Needed: $78,018
1% Rule Ratio
0.54%
Gross Yield: 6.49%
Break-Even Rent
$2,361/mo
State Tax: 0.70%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 28025 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NC Avg 0.70%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,715/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$578/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (28025)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $277,862 | $1,473/mo | 6.36% |
| 2022 | $338,067 | $1,623/mo | 5.76% |
| 2023 | $340,754 | $1,683/mo | 5.93% |
| 2024 | $349,317 | $1,741/mo | 5.98% |
| 2025 | $340,775 | $1,806/mo | 6.36% |
| 2026 | $339,208 | $1,835/mo | 6.49% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 28269 Charlotte, NC | $351,379 | $1,835/mo | 4.25% | -$532/mo |
| 27406 Greensboro, NC | $224,507 | $1,293/mo | 4.81% | -$235/mo |
| 28215 Charlotte, NC | $344,020 | $2,051/mo | 5.02% | -$299/mo |
| 27703 Durham, NC | $376,573 | $1,805/mo | 3.80% | -$710/mo |
| 27616 Raleigh, NC | $348,330 | $1,658/mo | 3.77% | -$667/mo |
| 27610 Raleigh, NC | $309,065 | $1,890/mo | 5.18% | -$228/mo |