6351 Pleasant Grove Church Rd,Kannapolis,NC,28081

Investment Highlights

Investment property for sale in Kannapolis at 6351 Pleasant Grove Church Rd, Kannapolis, NC, 28081 offers a 8.82% rental yield on a $340,000 purchase with $2,498/mo rent. Total monthly income registers $2,498/mo, and a $1,664/mo payment leaves $426/mo available for distribution. Annual cash flow reaches $5,112/yr on $112,710 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 127.03% and total cumulative return in cash at $143,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,498/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.