2603 McGill St,Kannapolis,NC,28081

Investment Highlights

Investment property for sale in Kannapolis at 2603 McGill St, Kannapolis, NC, 28081 listed at $390,000 pairs $2,784/mo rent with a $1,909/mo payment to leave $407/mo cash flow. Total monthly income runs $2,784/mo, and annual cash flow reaches $4,884/yr on $129,285 cash to close. Return on cash invested measures 23.69% in year one, and rental yield registers 8.57% at a $390,000 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,750 by year five. Five-year ROI tracks 122.96% and total cumulative return in cash totals $158,972. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,784/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).