213 Rice StKannapolisNC28081
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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 213 Rice St, Kannapolis, NC, 28081 listed at $270,000 pairs $1,609/mo rent with a $1,322/mo payment. Total monthly income runs $1,609/mo. Return on cash invested measures 19.41% in year one, and rental yield registers 7.15% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 100.04% and total cumulative return in cash totals $89,545. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,609/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
0.34 Acres lot
$N/A/sqft
No HOA
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Listed by: Nick Huscroft • Chosen Realty of NC LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326862