1409 Enochville Rd,Kannapolis,NC,28081

Investment Highlights

Investment property for sale in Kannapolis at 1409 Enochville Rd, Kannapolis, NC, 28081 offers a 9.29% rental yield on a $299,900 purchase with $2,321/mo rent. Total monthly income registers $2,321/mo, and a $1,468/mo payment leaves $493/mo available for distribution. Annual cash flow reaches $5,917/yr on $99,417 to close, and return on cash invested stands at 25.86% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 134.66% and total cumulative return in cash at $133,876. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,321/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.