802 Beechwood StKannapolisNC28081
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
Rental property for sale in Kannapolis at 802 Beechwood St, Kannapolis, NC, 28081 priced at $279,500 pairs $2,064/mo rent with $361/mo cash flow after a $1,368/mo payment. Total monthly income equals $2,064/mo, and annual cash flow comes to $4,327/yr on $92,654 invested. Return on cash invested is 24.58% in year one, and rental yield stands at 8.86% on a $279,500 basis. Equity gained on principal adds $1,804/yr, and 5% annual appreciation accumulates to $77,221 by year five. Five-year ROI measures 127.76% and total cumulative return in cash reaches $118,376. For financing, Ziffy Mortgage’s DSCR program evaluates $2,064/mo property income against a $1,368/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harold Blackwelder • Bestway Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4190013
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)