803 Irene 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
Investment property for sale in Kannapolis at 803 Irene Ave, Kannapolis, NC, 28083 offers a 8.81% rental yield on a $276,000 purchase with $2,027/mo rent. Total monthly income registers $2,027/mo, and a $1,351/mo payment leaves $345/mo available for distribution. Annual cash flow reaches $4,138/yr on $91,494 to close, and return on cash invested stands at 24.43% in year one. Equity gained on principal adds $1,781/yr while 5% annual appreciation supports $76,254 over five years. Portfolio math shows five-year ROI at 126.96% and total cumulative return in cash at $116,161. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,027/mo property income against a $1,351/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.35 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: Griselda Ramirez • Howard Hanna Allen Tate Huntersville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4272145