403 Broad StKannapolisNC28081
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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 403 Broad St, Kannapolis, NC, 28081 generates $1,494/mo in rent, after a $1,233/mo payment. Total monthly income is $1,494/mo. Return on cash invested sits at 19.31% in year one, and rental yield is 7.11% on a $252,000 entry. Equity gained on principal adds $1,626/yr, while 5% annual appreciation builds toward $69,623 over five years. Five-year ROI reaches 99.52% and total cumulative return in cash sums $83,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,494/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.16 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Greg Forrest • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4248910
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