ZIP CODE 28027 // CHARLOTTE-CONCORD-GASTONIA, NC-SC // DATA AS OF 2026-09-30
Concord, NC (28027) Rental Property Cap Rate & Cash Flow Report
Located in Cabarrus County (Concord, NC), Zip Code 28027 ranks #232 of 500 within this selected sample (54th percentile) with a Zillow ZHVI typical home-value index of $409,576 (-0.7% YoY) and a ZORI observed market rent of $1,752/mo (+2.2% YoY). Requires at least 56.9% 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
-$956/mo
Annual: -$11,477/yr
Modeled Cap Rate
3.27%
NOI: $13,376/yr
Cash-on-Cash Return
-12.18%
Cash Needed: $94,202
1% Rule Ratio
0.43%
Gross Yield: 5.13%
Break-Even Rent
$2,851/mo
State Tax: 0.70%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 28027 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NC Avg 0.70%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,071/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$637/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (28027)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $341,437 | $1,508/mo | 5.30% |
| 2022 | $412,807 | $1,627/mo | 4.73% |
| 2023 | $408,367 | $1,646/mo | 4.84% |
| 2024 | $420,388 | $1,683/mo | 4.80% |
| 2025 | $412,542 | $1,714/mo | 4.99% |
| 2026 | $409,576 | $1,752/mo | 5.13% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 28173 Waxhaw, NC | $687,851 | $2,637/mo | 2.80% | -$1,872/mo |
| 27616 Raleigh, NC | $348,330 | $1,658/mo | 3.77% | -$667/mo |
| 27713 Durham, NC | $409,919 | $1,544/mo | 2.73% | -$1,139/mo |
| 27703 Durham, NC | $376,573 | $1,805/mo | 3.80% | -$710/mo |
| 28078 Huntersville, NC | $535,352 | $1,938/mo | 2.58% | -$1,556/mo |
| 27587 Wake Forest, NC | $504,797 | $1,795/mo | 2.51% | -$1,496/mo |