2805 N Main 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
Rental property for sale in Kannapolis at 2805 N Main St, Kannapolis, NC, 28081 priced at $169,900 pairs $1,176/mo rent with $140/mo cash flow after a $832/mo payment. Total monthly income equals $1,176/mo, and annual cash flow comes to $1,681/yr on $56,322 invested. Return on cash invested is 22.89% in year one, and rental yield stands at 8.31% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 118.81% and total cumulative return in cash reaches $66,914. For financing, Ziffy Mortgage’s DSCR program evaluates $1,176/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1921
0.24 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Leslie Harrison • Team Thomas & Associates Realty Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4212964
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