402 Ford StKannapolisNC28083
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 402 Ford St, Kannapolis, NC, 28083 at $219,000 posts ROI 24.89% with $301/mo cash flow from $1,636/mo rent. Total monthly income equals $1,636/mo, and annual cash flow records $3,614/yr on $72,599 to close. Return on cash invested measures 24.89% and rental yield reads 8.96% at the current $219,000. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 by year five. Five-year ROI prints 129.47% and total cumulative return in cash totals $93,993.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,636/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1933
0.13 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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Nearby investment properties with comparable prices
Listed by: Grant Stevens • Stevens & Co
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4272741