839 Anchor Way NEKannapolisNC28083
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 839 Anchor Way NE, Kannapolis, NC, 28083 with 5% annual appreciation on a $299,900 basis while $2,189/mo rent supports operations. Total monthly income totals $2,189/mo and a $1,468/mo payment preserves $361/mo for cash returns. Annual cash flow comes to $4,333/yr on $99,417 deployed, and return on cash invested reaches 24.27% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 8.76%. Five-year ROI measures 126.14% and total cumulative return in cash totals $125,404.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,189/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.19 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Hamelink • Link Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4274496