2882 Centergrove RdKannapolisNC28083
Nearby investment properties with comparable rents
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 2882 Centergrove Rd, Kannapolis, NC, 28083 uses $92,820 cash to close to unlock $6,252/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,227/mo, and a $1,370/mo payment keeps the spread at $521/mo. Purchase price stands at $280,000, and rental yield measures 9.54% with $2,227/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash records $128,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,227/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.28 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: Ed McAfee • Locus Real Estate Advisors Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316183