510 W 9th St,Kannapolis,NC,28081

Investment Highlights

Investment property for sale in Kannapolis at 510 W 9th St, Kannapolis, NC, 28081 listed at $499,000 pairs $3,293/mo rent with a $2,442/mo payment to leave $252/mo cash flow. Total monthly income runs $3,293/mo, and annual cash flow reaches $3,026/yr on $165,419 cash to close. Return on cash invested measures 21.74% in year one, and rental yield registers 7.92% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 112.55% and total cumulative return in cash totals $186,174. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,293/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).