1001 Hoke St, Kannapolis, NC, 28081 | $418/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Kannapolis at 1001 Hoke St, Kannapolis, NC, 28081 generates $2,882/mo in rent and, after a $1,979/mo payment, leaves $418/mo in cash flow. Total monthly income is $2,882/mo, and annual cash flow is $5,013/yr on $134,058 invested. Return on cash invested sits at 23.65% in year one, and rental yield is 8.55% on a $404,399 entry. Equity gained on principal adds $2,610/yr, while 5% annual appreciation builds toward $111,728 over five years. Five-year ROI reaches 122.76% and total cumulative return in cash sums $164,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,882/mo property income rather than buyer’s personal income.

Single Family

Built in 1967

0.46 Acres lot

$N/A/sqft

No HOA