1848 Duke Adam St

Kannapolis, NC 28083
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3 bd, 2 ba | 1,359 sqft | Built in 2005

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List Price
$146,000

Initial Investment

$39,785

Purchase Price

$146,000

Down Payment

25%

Rent

$1,245

Total Return

$103,919

Annualized Return

30.1%

Cap Rate

6.6%

Gross Yield

10.2%

Cash Flow

$941

Appreciation

11.1%
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Features

Occupancy

Occupied

Lease Start

06/01/2018

Lease End

05/31/2019

Lot Size

5,227

HOA

$1/mo

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$14,193

Expenses

-$3,515

Property Taxes

-$1,800

Loan Payments

-$7,937

Net Cash Flow

$941

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