5724 Mooresville RdKannapolisNC28081
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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 5724 Mooresville Rd, Kannapolis, NC, 28081 offers a 4.97% rental yield on a $450,000 purchase with $1,864/mo rent. 84% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 64.79% and total cumulative return in cash at $96,654. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,864/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
4.17 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Bonnie Hedrick • NextHome World Class
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331422