420 Westen Acres Dr,Kannapolis,NC,28081

Investment Highlights

Rental property for sale in Kannapolis at 420 Westen Acres Dr, Kannapolis, NC, 28081 priced at $299,000 converts $2,206/mo rent into $384/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,206/mo, and annual cash flow totals $4,610/yr on $99,119 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 8.85% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 127.69% and total cumulative return in cash sums $126,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,206/mo property income covering a $1,463/mo payment, not borrower’s personal income.