701 S Harding AveKannapolisNC28083
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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
Rental property for sale in Kannapolis at 701 S Harding Ave, Kannapolis, NC, 28083 priced at $299,500 pairs $2,890/mo rent with $1,065/mo cash flow after a $1,466/mo payment. Total monthly income equals $2,890/mo, and annual cash flow comes to $12,775/yr on $99,284 invested. Return on cash invested is 32.78% in year one, and rental yield stands at 11.58% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 171.72% and total cumulative return in cash reaches $170,495. For financing, Ziffy Mortgage’s DSCR program evaluates $2,890/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.11 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: Andrea Ochoa • Collective Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292491