302 Suburban AveKannapolisNC28083
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
Rental property for sale in Kannapolis at 302 Suburban Ave, Kannapolis, NC, 28083 offers $2,371/mo rent that, after a $1,676/mo payment, leaves $284/mo cash flow. Total monthly income is $2,371/mo, and annual cash flow is $3,408/yr on $113,539 cash. Return on cash invested measures 22.91% in year one, and rental yield stands at 8.31% at a $342,500 entry. Equity gained on principal adds $2,210/yr while 5% annual appreciation compounds into $94,626 by year five. Five-year ROI records 118.81% and total cumulative return in cash reaches $134,891. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,371/mo property income versus a $1,676/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.44 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie Craver • Southern Homes of the Carolinas, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312626