2405 Florida AveKannapolisNC28083
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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 2405 Florida Ave, Kannapolis, NC, 28083 earns $538/mo cash flow from $1,909/mo rent with a $1,101/mo payment. Total monthly income totals $1,909/mo, and annual cash flow totals $6,456/yr on $74,588 capital. ROI tracks 28.56% on current figures, and rental yield reads 10.18% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 149.14% and total cumulative return in cash sums $111,237. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,909/mo property income instead of your personal income.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28083, Kannapolis, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,772 (100%) |
| Owner Occupied HU | 6,682 (56.8%) |
| Renter Occupied HU | 4,231 (35.9%) |
| Vacant Housing Units | 859 ( 7.3%) |
| Median Home Value | $238,551 |
| Average Home Value | $299,940 |
Housing Distribution
Address Breakdown
Residential
11,166
Single Family
10,997
Multi-Family
169
Businesses
756
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Listed by: Maureen Mahood • Sell Your Home Charlotte
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327849