403 W 21st St, Kannapolis, NC, 28081 | $213/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Kannapolis at 403 W 21st St, Kannapolis, NC, 28081 offers a 8.17% rental yield on a $299,000 purchase with $2,035/mo rent. Total monthly income registers $2,035/mo, and a $1,463/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,558/yr on $99,119 to close, and return on cash invested stands at 22.49% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 116.59% and total cumulative return in cash at $115,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,035/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2003

0.42 Acres lot

$N/A/sqft

No HOA