233 W 18th StKannapolisNC28081
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Nearby investment properties with comparable prices
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 233 W 18th St, Kannapolis, NC, 28081 uses $111,052 cash to close to unlock $1,488/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $2,166/mo, and a $1,640/mo payment keeps the spread at $124/mo. Purchase price stands at $334,999, and rental yield measures 7.76% with $2,166/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 109.89% and total cumulative return in cash records $122,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,166/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.14 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Cheryl Pierce • Lennar Sales Corp
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331721