806 Walker StKannapolisNC28081
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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 806 Walker St, Kannapolis, NC, 28081 generates $1,856/mo in rent and, after a $1,096/mo payment, leaves $491/mo in cash flow. Total monthly income is $1,856/mo, and annual cash flow is $5,894/yr on $74,256 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 9.94% on a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 145.34% and total cumulative return in cash sums $107,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,856/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.27 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Vanessa Miles • Howard Hanna Allen Tate Concord
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314699