Frost VE Plan, Bakers Creek : 30' Dream,Kannapolis,NC,28081

Investment Highlights

Rental property for sale in Kannapolis at Frost VE Plan, Bakers Creek: 30' Dream, Kannapolis, NC, 28081 priced at $398,999 converts $3,240/mo rent into $808/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $9,698/yr on $132,268 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.74% against a $398,999 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 142.06% and total cumulative return in cash sums $187,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $1,953/mo payment, not borrower’s personal income.