617 Peace Haven RdKannapolisNC28083
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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 617 Peace Haven Rd, Kannapolis, NC, 28083 with 5% annual appreciation on a $509,000 basis while $2,064/mo rent supports operations. 62% in year one. Equity gained on principal adds $3,285/yr, and five-year appreciation sums $140,627 alongside rental yield of 4.87%. Five-year ROI measures 63.63% and total cumulative return in cash totals $106,549. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,064/mo property income versus a $2,491/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28083, Kannapolis, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,772 (100%) |
| Owner Occupied HU | 6,682 (56.8%) |
| Renter Occupied HU | 4,231 (35.9%) |
| Vacant Housing Units | 859 ( 7.3%) |
| Median Home Value | $238,551 |
| Average Home Value | $299,940 |
Housing Distribution
Address Breakdown
Residential
11,166
Single Family
10,997
Multi-Family
169
Businesses
756
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Listed by: Mike Chisholm • Howard Hanna Allen Tate Concord
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4257736