500 Broad StKannapolisNC28081
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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
Investment Highlights
Investment property for sale in Kannapolis at 500 Broad St, Kannapolis, NC, 28081 earns $292/mo cash flow from $1,298/mo rent with a $808/mo payment. Total monthly income totals $1,298/mo, and annual cash flow totals $3,504/yr on $54,698 capital. ROI tracks 26.32% on current figures, and rental yield reads 9.44% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 137.03% and total cumulative return in cash sums $74,951. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,298/mo property income instead of your personal income.
Single Family
Built in 1930
0.17 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Martha Oliver • Kannapolis Real Estate Advisors
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301550