108 S Little Texas RdKannapolisNC28083
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
Investment property for sale in Kannapolis at 108 S Little Texas Rd, Kannapolis, NC, 28083 earns $277/mo cash flow from $1,987/mo rent with a $1,373/mo payment. Total monthly income totals $1,987/mo, and annual cash flow totals $3,328/yr on $93,002 capital. ROI tracks 23.49% on current figures, and rental yield reads 8.5% at a $280,550 purchase. Equity gained on principal adds $1,810/yr, and 5% annual appreciation supports $77,511 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash sums $113,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,987/mo property income instead of your personal income.
Single Family
Built in 1958
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28083, Kannapolis, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,772 (100%) |
| Owner Occupied HU | 6,682 (56.8%) |
| Renter Occupied HU | 4,231 (35.9%) |
| Vacant Housing Units | 859 ( 7.3%) |
| Median Home Value | $238,551 |
| Average Home Value | $299,940 |
Housing Distribution
Address Breakdown
Residential
11,166
Single Family
10,997
Multi-Family
169
Businesses
756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig LePage • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335230