8520 Wright RdKannapolisNC28081
Nearby investment properties with comparable rents
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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 8520 Wright Rd, Kannapolis, NC, 28081 priced at $530,000 converts $1,440/mo rent into after a $2,594/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 7.74% in year one, and rental yield reads 3.26% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 37.43% and total cumulative return in cash sums $65,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 2002
2.80 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Susan Ballard • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4256956
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