176 Franklin Ave, Kannapolis, NC, 28081 | $435/mo Cash Flow

Off market

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Kannapolis at 176 Franklin Ave, Kannapolis, NC, 28081 priced at $245,400 pairs $1,957/mo rent with $435/mo cash flow after a $1,201/mo payment. Total monthly income equals $1,957/mo, and annual cash flow comes to $5,214/yr on $81,350 invested. Return on cash invested is 26.32% in year one, and rental yield stands at 9.57% on a $245,400 basis. Equity gained on principal adds $1,584/yr, and 5% annual appreciation accumulates to $67,800 by year five. Five-year ROI measures 137.25% and total cumulative return in cash reaches $111,654. For financing, Ziffy Mortgage’s DSCR program evaluates $1,957/mo property income against a $1,201/mo payment instead of your W2s, 1099s, or Tax returns.

Apartment

Built in 1940

0.50 Acres lot

$N/A/sqft

No HOA