708 Mable AveKannapolisNC28083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 708 Mable Ave, Kannapolis, NC, 28083 at $299,500 posts ROI 20.85% with $78/mo cash flow from $1,903/mo rent. Total monthly income equals $1,903/mo, and annual cash flow records $931/yr on $99,284 to close. Return on cash invested measures 20.85% and rental yield reads 7.62% at the current $299,500. Equity gained on principal adds $1,933/yr, and 5% annual appreciation supports $82,746 by year five. Five-year ROI prints 107.77% and total cumulative return in cash totals $107,003.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,903/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.34 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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Nearby investment properties with comparable prices
Listed by: Allison Wightman • Keller Williams Premier
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319877