Wayne Plan, Kensington, China Grove, NC, 28023 | 5.98% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1111 sft

352 Kerr St NW, Concord, NC, 28025

3 Bed
1 Bath
1183 sft

177 Coble Cres, Lexington, NC, 27295

2 Bed
1 Bath
864 sft

642 Boger St, Mooresville, NC, 28115

3 Bed
2 Bath
2085 sft

531 Old Wesley Chapel Rd, Linwood, NC, 27299

Nearby investment properties with comparable prices

3 Bed
3 Bath
1771 sft

2440 Hedgecliff Rd, Concord, NC, 28025

3 Bed
3 Bath
1601 sft

Amber Plan, Georgetown Crossing, Kannapolis, NC, 28081

3 Bed
2 Bath
1402 sft

1331 Whispering Pines Dr, Concord, NC, 28025

3 Bed
3 Bath
1603 sft

3216 Lilac Grove Dr, Charlotte, NC, 28269

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $2,034/mo, and a $1,996/mo payment. Purchase price stands at $407,900, and rental yield measures 5.98% with $2,034/mo rent. Return on cash invested shows 15.9% in year one, and 5% annual appreciation builds toward $112,695 over five years. Five-year ROI reaches 81.24% and total cumulative return in cash records $109,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,996/mo payment rather than investor’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,449 (100%)
Owner Occupied HU	4,807 (74.5%)
Renter Occupied HU	1,226 (19.0%)
Vacant Housing Units	416 ( 6.5%)
Median Home Value	$282,736
Average Home Value	$345,124