119 Carriage House DrKannapolisNC28081
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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
Investment Highlights
Investment property for sale in Kannapolis at 119 Carriage House Dr, Kannapolis, NC, 28081 with 5% annual appreciation on a $140,000 basis while $1,091/mo rent supports operations. Total monthly income totals $1,091/mo and a $685/mo payment preserves $238/mo for cash returns. Annual cash flow comes to $2,856/yr on $46,410 deployed, and return on cash invested reaches 26.06% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 9.35%. Five-year ROI measures 135.72% and total cumulative return in cash totals $62,986.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,091/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1979
0.01 Acres lot
$N/A/sqft
No HOA
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Listed by: Travis Rabon • Premier Real Estate Team Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319269