1428 Sherwood 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
Rental property for sale in Kannapolis at 1428 Sherwood Dr, Kannapolis, NC, 28081 priced at $217,500 pairs $1,946/mo rent with $620/mo cash flow after a $1,065/mo payment. Total monthly income equals $1,946/mo, and annual cash flow comes to $7,440/yr on $72,101 invested. Return on cash invested is 30.23% in year one, and rental yield stands at 10.74% on a $217,500 basis. Equity gained on principal adds $1,403/yr, and 5% annual appreciation accumulates to $60,091 by year five. Five-year ROI measures 158.05% and total cumulative return in cash reaches $113,958. For financing, Ziffy Mortgage’s DSCR program evaluates $1,946/mo property income against a $1,065/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.17 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Macy Jordan • CRE Management, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4186656
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)