106 W 16th StKannapolisNC28081
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 Kannapolis at 106 W 16th St, Kannapolis, NC, 28081 generates $1,486/mo in rent and, after a $1,150/mo payment, leaves $54/mo in cash flow. Total monthly income is $1,486/mo, and annual cash flow is $648/yr on $77,903 invested. Return on cash invested sits at 20.74% in year one, and rental yield is 7.59% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 107.17% and total cumulative return in cash sums $83,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,486/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.38 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Latashra Moorer • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4223843
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