304 Lowrance AveKannapolisNC28081
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing304 Lowrance Ave, Kannapolis, NC, 28081 in Kannapolis is a stable, well-positioned rental at $345,000. Rental yield 6.13%. DSCR 1.14 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $95,317 in value and $3,177/yr in principal paydown builds equity, a total projected return of $108,777.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 6.2% |
| Monthly Cash Flow | $(341) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,762 |
| Total Monthly Debt Service | $1,965 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
0.37 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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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
Single Family
Built in 1930
0.37 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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 ID: #4347573